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$170,225$170,225$296,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$125,875$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.545%7.640%
1st payment$819.36$819.36$2,050.14
2nd payment$0.00$839.17$0.00
Taxes / mo$69.25$69.25$69.25
Insurance / mo$150.00$150.00$150.00
MI / mo$139.80$139.80$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.40$2,017.57$2,328.61
Cash to close$158,775$32,900$32,900