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$165,199$165,199$305,100
Remaining term (yrs)21.921.930.0
Secondary amount$0$139,901$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.645%7.640%
1st payment$836.56$836.56$2,112.45
2nd payment$0.00$932.67$0.00
Taxes / mo$486.75$486.75$486.75
Insurance / mo$150.00$150.00$150.00
MI / mo$134.61$134.61$61.02
HOA / mo$13.92$13.92$13.92
Total monthly$1,621.84$2,554.52$2,824.14
Cash to close$173,801$33,900$33,900