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$183,599$183,599$355,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$171,901$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.717%7.640%
1st payment$855.08$855.08$2,461.41
2nd payment$0.00$1,146.00$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$148.75$148.75$71.10
HOA / mo$505.00$505.00$505.00
Total monthly$1,988.00$3,134.00$3,516.68
Cash to close$211,401$39,500$39,500