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$153,875$153,875$278,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$125,035$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.600%7.640%
1st payment$734.36$734.36$1,931.12
2nd payment$0.00$833.57$0.00
Taxes / mo$309.92$309.92$309.92
Insurance / mo$150.00$150.00$150.00
MI / mo$123.86$123.86$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,318.14$2,151.71$2,446.82
Cash to close$156,025$30,990$30,990