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$146,727$146,727$274,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$127,773$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%5.707%7.560%
1st payment$701.37$701.37$1,885.62
2nd payment$0.00$851.82$0.00
Taxes / mo$152.50$152.50$152.50
Insurance / mo$150.00$150.00$150.00
MI / mo$119.97$119.97$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,123.84$1,975.66$2,243.02
Cash to close$158,273$30,500$30,500