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$146,592$146,592$187,155
Remaining term (yrs)25.225.230.0
Secondary amount$0$40,563$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.951%7.560%
1st payment$687.49$687.49$1,285.63
2nd payment$0.00$304.22$0.00
Taxes / mo$439.00$439.00$439.00
Insurance / mo$150.00$150.00$150.00
MI / mo$115.80$115.80$37.43
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.29$1,696.51$1,912.06
Cash to close$61,358$20,795$20,795