Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$157,467$157,467$198,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$40,533$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.825%7.640%
1st payment$735.23$735.23$1,370.91
2nd payment$0.00$303.99$0.00
Taxes / mo$34.95$34.95$34.95
Insurance / mo$150.00$150.00$150.00
MI / mo$125.12$125.12$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,045.30$1,349.29$1,595.46
Cash to close$62,533$22,000$22,000