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$156,719$156,719$238,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$81,781$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%5.425%7.560%
1st payment$780.12$780.12$1,638.33
2nd payment$0.00$613.35$0.00
Taxes / mo$336.33$336.33$336.33
Insurance / mo$150.00$150.00$150.00
MI / mo$130.02$130.02$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,396.47$2,009.83$2,172.36
Cash to close$108,281$26,500$26,500