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$155,881$155,881$293,310
Remaining term (yrs)24.824.830.0
Secondary amount$0$137,429$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.784%7.640%
1st payment$739.25$739.25$2,030.82
2nd payment$0.00$916.19$0.00
Taxes / mo$320.17$320.17$320.17
Insurance / mo$150.00$150.00$150.00
MI / mo$124.52$124.52$58.66
HOA / mo$33.33$33.33$33.33
Total monthly$1,367.26$2,283.46$2,592.98
Cash to close$170,019$32,590$32,590