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$146,924$146,924$197,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$50,986$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.103%7.640%
1st payment$690.68$690.68$1,370.29
2nd payment$0.00$382.39$0.00
Taxes / mo$252.33$252.33$252.33
Insurance / mo$150.00$150.00$150.00
MI / mo$117.54$117.54$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,210.56$1,592.95$1,812.20
Cash to close$72,976$21,990$21,990