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$178,324$178,324$269,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$91,586$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.518%7.640%
1st payment$830.77$830.77$1,868.80
2nd payment$0.00$686.90$0.00
Taxes / mo$235.28$235.28$235.28
Insurance / mo$150.00$150.00$150.00
MI / mo$141.74$141.74$53.98
HOA / mo$95.00$95.00$95.00
Total monthly$1,452.79$2,139.69$2,403.06
Cash to close$121,576$29,990$29,990