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$143,933$143,933$279,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$135,067$0
Funding fee$0$0$0
Note rate2.390%2.390%7.320%
Blended rate3.240%5.544%7.560%
1st payment$645.67$645.67$1,916.54
2nd payment$0.00$900.45$0.00
Taxes / mo$99.50$99.50$99.50
Insurance / mo$150.00$150.00$150.00
MI / mo$117.44$117.44$55.80
HOA / mo$125.00$125.00$125.00
Total monthly$1,137.61$2,038.06$2,346.84
Cash to close$166,067$31,000$31,000