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$180,904$180,904$328,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$147,596$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.643%7.640%
1st payment$843.76$843.76$2,274.47
2nd payment$0.00$983.97$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,442.07$2,426.05$2,794.33
Cash to close$184,096$36,500$36,500