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$177,941$177,941$242,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$64,969$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.154%7.640%
1st payment$830.83$830.83$1,681.86
2nd payment$0.00$487.26$0.00
Taxes / mo$264.83$264.83$264.83
Insurance / mo$150.00$150.00$150.00
MI / mo$141.39$141.39$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,387.05$1,874.31$2,145.28
Cash to close$91,959$26,990$26,990