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$157,988$157,988$283,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$125,512$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.526%7.640%
1st payment$737.72$737.72$1,962.90
2nd payment$0.00$836.74$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,278.89$2,115.64$2,432.10
Cash to close$157,012$31,500$31,500