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$165,843$165,843$211,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$45,657$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.860%7.640%
1st payment$773.52$773.52$1,464.38
2nd payment$0.00$342.43$0.00
Taxes / mo$304.83$304.83$304.83
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,360.50$1,702.92$1,961.52
Cash to close$69,157$23,500$23,500