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$158,401$158,401$256,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$98,099$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.647%7.640%
1st payment$738.68$738.68$1,775.95
2nd payment$0.00$735.74$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,254.85$1,990.59$2,214.75
Cash to close$126,599$28,500$28,500