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$177,232$177,232$207,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$29,768$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%4.445%7.640%
1st payment$842.44$842.44$1,433.23
2nd payment$0.00$223.26$0.00
Taxes / mo$552.33$552.33$552.33
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$41.40
HOA / mo$16.67$16.67$16.67
Total monthly$1,706.11$1,929.37$2,193.63
Cash to close$52,768$23,000$23,000