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$152,944$152,944$249,300
Remaining term (yrs)21.621.630.0
Secondary amount$0$96,356$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.779%7.560%
1st payment$790.78$790.78$1,712.52
2nd payment$0.00$722.67$0.00
Taxes / mo$345.42$345.42$345.42
Insurance / mo$150.00$150.00$150.00
MI / mo$125.75$125.75$49.86
HOA / mo$8.33$8.33$8.33
Total monthly$1,420.28$2,142.95$2,266.12
Cash to close$124,056$27,700$27,700