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$167,033$167,033$220,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$53,467$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.902%7.640%
1st payment$780.64$780.64$1,526.70
2nd payment$0.00$401.00$0.00
Taxes / mo$126.76$126.76$126.76
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,193.02$1,594.02$1,847.56
Cash to close$77,967$24,500$24,500