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$149,035$149,035$260,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$111,875$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%5.612%7.560%
1st payment$709.22$709.22$1,792.27
2nd payment$0.00$745.83$0.00
Taxes / mo$147.17$147.17$147.17
Insurance / mo$150.00$150.00$150.00
MI / mo$119.61$119.61$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,126.00$1,871.83$2,141.62
Cash to close$140,865$28,990$28,990