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$156,772$156,772$192,600
Remaining term (yrs)24.924.930.0
Secondary amount$0$35,828$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.678%7.640%
1st payment$728.79$728.79$1,333.52
2nd payment$0.00$268.71$0.00
Taxes / mo$209.00$209.00$209.00
Insurance / mo$150.00$150.00$150.00
MI / mo$124.99$124.99$38.52
HOA / mo$43.00$43.00$43.00
Total monthly$1,255.77$1,524.48$1,774.04
Cash to close$57,228$21,400$21,400