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$165,459$165,459$220,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$55,041$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.128%7.640%
1st payment$785.53$785.53$1,526.70
2nd payment$0.00$412.81$0.00
Taxes / mo$79.92$79.92$79.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,147.59$1,560.40$1,800.71
Cash to close$79,541$24,500$24,500