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$176,005$176,005$395,999
Remaining term (yrs)24.324.330.0
Secondary amount$0$219,995$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.874%7.640%
1st payment$819.17$819.17$2,741.82
2nd payment$0.00$1,420.80$0.00
Taxes / mo$78.50$78.50$78.50
Insurance / mo$150.00$150.00$150.00
MI / mo$143.43$143.43$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,191.10$2,611.90$3,049.52
Cash to close$263,994$44,000$44,000