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$152,797$152,797$233,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$81,113$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.610%7.640%
1st payment$724.68$724.68$1,619.55
2nd payment$0.00$608.34$0.00
Taxes / mo$557.08$557.08$557.08
Insurance / mo$150.00$150.00$150.00
MI / mo$122.38$122.38$46.78
HOA / mo$103.00$103.00$103.00
Total monthly$1,657.14$2,265.49$2,476.41
Cash to close$107,103$25,990$25,990