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$159,039$159,039$252,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$92,961$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.624%7.640%
1st payment$746.39$746.39$1,744.80
2nd payment$0.00$697.21$0.00
Taxes / mo$238.91$238.91$238.91
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,263.96$1,961.17$2,184.11
Cash to close$120,961$28,000$28,000