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$158,314$158,314$258,300
Remaining term (yrs)24.324.330.0
Secondary amount$0$99,986$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%5.647%7.560%
1st payment$736.83$736.83$1,774.34
2nd payment$0.00$749.90$0.00
Taxes / mo$68.42$68.42$68.42
Insurance / mo$150.00$150.00$150.00
MI / mo$129.02$129.02$51.66
HOA / mo$265.00$265.00$265.00
Total monthly$1,349.26$2,099.16$2,309.42
Cash to close$128,686$28,700$28,700