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$161,391$161,391$301,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$140,019$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%5.692%7.560%
1st payment$750.25$750.25$2,070.48
2nd payment$0.00$933.46$0.00
Taxes / mo$279.08$279.08$279.08
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$60.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,308.01$2,241.47$2,559.84
Cash to close$173,509$33,490$33,490