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$177,601$177,601$344,250
Remaining term (yrs)25.025.030.0
Secondary amount$0$166,649$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.807%7.560%
1st payment$829.24$829.24$2,364.76
2nd payment$0.00$1,110.99$0.00
Taxes / mo$112.55$112.55$112.55
Insurance / mo$150.00$150.00$150.00
MI / mo$141.12$141.12$68.85
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.91$2,343.90$2,696.16
Cash to close$204,899$38,250$38,250