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$159,164$159,164$280,800
Remaining term (yrs)24.024.030.0
Secondary amount$0$121,636$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.585%7.640%
1st payment$763.27$763.27$1,944.20
2nd payment$0.00$810.91$0.00
Taxes / mo$564.50$564.50$564.50
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$56.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,607.82$2,418.73$2,714.86
Cash to close$152,836$31,200$31,200