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$156,722$156,722$270,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$113,278$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.580%7.640%
1st payment$743.23$743.23$1,869.43
2nd payment$0.00$755.19$0.00
Taxes / mo$177.50$177.50$177.50
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,195.92$1,951.11$2,250.93
Cash to close$143,278$30,000$30,000