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$155,754$155,754$287,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$131,346$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.591%7.640%
1st payment$727.29$727.29$1,987.82
2nd payment$0.00$875.64$0.00
Taxes / mo$151.92$151.92$151.92
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$57.42
HOA / mo$7.67$7.67$7.67
Total monthly$1,163.72$2,039.37$2,354.83
Cash to close$163,246$31,900$31,900