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$154,056$154,056$207,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$52,944$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%4.944%7.640%
1st payment$716.85$716.85$1,433.23
2nd payment$0.00$397.08$0.00
Taxes / mo$380.50$380.50$380.50
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.54$1,769.62$2,005.13
Cash to close$75,944$23,000$23,000