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$154,091$154,091$225,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$70,909$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.405%7.560%
1st payment$739.73$739.73$1,545.59
2nd payment$0.00$531.82$0.00
Taxes / mo$281.92$281.92$281.92
Insurance / mo$150.00$150.00$150.00
MI / mo$125.89$125.89$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,297.53$1,829.35$2,022.51
Cash to close$95,909$25,000$25,000