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$161,607$161,607$236,250
Remaining term (yrs)24.124.130.0
Secondary amount$0$74,643$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.388%7.560%
1st payment$771.48$771.48$1,622.87
2nd payment$0.00$559.82$0.00
Taxes / mo$550.13$550.13$550.13
Insurance / mo$150.00$150.00$150.00
MI / mo$131.80$131.80$47.25
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.41$2,163.23$2,370.25
Cash to close$100,893$26,250$26,250