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$156,399$156,399$215,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$59,511$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.262%7.560%
1st payment$735.92$735.92$1,483.15
2nd payment$0.00$446.33$0.00
Taxes / mo$141.67$141.67$141.67
Insurance / mo$150.00$150.00$150.00
MI / mo$123.80$123.80$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,151.38$1,597.71$1,818.00
Cash to close$83,501$23,990$23,990