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$160,220$160,220$252,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$91,780$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.560%7.640%
1st payment$748.80$748.80$1,744.80
2nd payment$0.00$688.35$0.00
Taxes / mo$526.63$526.63$526.63
Insurance / mo$150.00$150.00$150.00
MI / mo$130.09$130.09$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,555.51$2,243.87$2,471.83
Cash to close$119,780$28,000$28,000