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$150,155$150,155$256,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$106,345$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%5.401%7.560%
1st payment$702.84$702.84$1,761.98
2nd payment$0.00$708.97$0.00
Taxes / mo$157.92$157.92$157.92
Insurance / mo$150.00$150.00$150.00
MI / mo$122.58$122.58$51.30
HOA / mo$65.00$65.00$65.00
Total monthly$1,198.34$1,907.31$2,186.19
Cash to close$134,845$28,500$28,500