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$144,600$144,600$269,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$125,310$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%5.702%7.560%
1st payment$691.20$691.20$1,854.09
2nd payment$0.00$835.40$0.00
Taxes / mo$189.42$189.42$189.42
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,148.85$1,984.25$2,247.49
Cash to close$155,300$29,990$29,990