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$154,923$154,923$229,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$74,577$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%5.409%7.560%
1st payment$736.40$736.40$1,576.51
2nd payment$0.00$559.32$0.00
Taxes / mo$210.15$210.15$210.15
Insurance / mo$150.00$150.00$150.00
MI / mo$126.46$126.46$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,223.01$1,782.33$1,982.56
Cash to close$100,077$25,500$25,500