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$145,517$145,517$216,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$70,483$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.463%7.560%
1st payment$682.51$682.51$1,483.77
2nd payment$0.00$528.62$0.00
Taxes / mo$32.33$32.33$32.33
Insurance / mo$150.00$150.00$150.00
MI / mo$116.15$116.15$43.20
HOA / mo$245.00$245.00$245.00
Total monthly$1,226.00$1,754.62$1,954.30
Cash to close$94,483$24,000$24,000