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$153,849$153,849$287,550
Remaining term (yrs)24.824.830.0
Secondary amount$0$133,701$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.769%7.560%
1st payment$729.61$729.61$1,975.27
2nd payment$0.00$891.34$0.00
Taxes / mo$95.83$95.83$95.83
Insurance / mo$150.00$150.00$150.00
MI / mo$122.90$122.90$57.51
HOA / mo$0.00$0.00$0.00
Total monthly$1,098.34$1,989.68$2,278.61
Cash to close$165,651$31,950$31,950