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$144,326$144,326$207,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$62,674$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.270%7.640%
1st payment$685.46$685.46$1,433.23
2nd payment$0.00$470.05$0.00
Taxes / mo$188.75$188.75$188.75
Insurance / mo$150.00$150.00$150.00
MI / mo$118.17$118.17$41.40
HOA / mo$450.00$450.00$450.00
Total monthly$1,592.38$2,062.43$2,263.38
Cash to close$85,674$23,000$23,000