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$178,077$178,077$227,700
Remaining term (yrs)24.024.030.0
Secondary amount$0$49,623$0
Funding fee$0$0$0
Note rate2.720%2.720%7.320%
Blended rate3.570%4.753%7.560%
1st payment$838.50$838.50$1,564.14
2nd payment$0.00$372.17$0.00
Taxes / mo$418.58$418.58$418.58
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$45.54
HOA / mo$0.00$0.00$0.00
Total monthly$1,553.14$1,925.31$2,178.26
Cash to close$74,923$25,300$25,300