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$152,431$152,431$202,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$50,069$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.033%7.640%
1st payment$713.37$713.37$1,402.07
2nd payment$0.00$375.51$0.00
Taxes / mo$197.92$197.92$197.92
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,183.00$1,558.51$1,790.49
Cash to close$72,569$22,500$22,500