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$153,633$153,633$225,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$71,367$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%5.286%7.560%
1st payment$717.38$717.38$1,545.59
2nd payment$0.00$535.26$0.00
Taxes / mo$342.17$342.17$342.17
Insurance / mo$150.00$150.00$150.00
MI / mo$125.12$125.12$45.00
HOA / mo$10.83$10.83$10.83
Total monthly$1,345.50$1,880.76$2,093.59
Cash to close$96,367$25,000$25,000