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$152,406$152,406$197,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$45,594$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.936%7.560%
1st payment$732.80$732.80$1,360.12
2nd payment$0.00$341.95$0.00
Taxes / mo$354.67$354.67$354.67
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,362.66$1,704.61$1,904.38
Cash to close$67,593$22,000$22,000