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$153,522$153,522$198,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$44,478$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%4.735%7.560%
1st payment$712.19$712.19$1,360.12
2nd payment$0.00$333.58$0.00
Taxes / mo$341.00$341.00$341.00
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,328.38$1,661.97$1,890.72
Cash to close$66,478$22,000$22,000