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$162,060$162,060$260,991
Remaining term (yrs)24.324.330.0
Secondary amount$0$98,931$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.672%7.560%
1st payment$761.54$761.54$1,792.83
2nd payment$0.00$741.98$0.00
Taxes / mo$260.25$260.25$260.25
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,303.23$2,045.21$2,255.28
Cash to close$127,930$28,999$28,999