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$152,053$152,053$211,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$59,447$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.290%7.640%
1st payment$723.52$723.52$1,464.38
2nd payment$0.00$445.85$0.00
Taxes / mo$181.67$181.67$181.67
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,176.90$1,622.75$1,838.35
Cash to close$82,947$23,500$23,500