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$180,125$180,125$314,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$133,975$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%5.437%7.560%
1st payment$836.32$836.32$2,157.65
2nd payment$0.00$893.17$0.00
Taxes / mo$290.96$290.96$290.96
Insurance / mo$150.00$150.00$150.00
MI / mo$146.44$146.44$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,423.72$2,316.89$2,661.43
Cash to close$168,875$34,900$34,900