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$162,750$162,750$220,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$57,750$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.007%7.640%
1st payment$760.62$760.62$1,526.70
2nd payment$0.00$433.13$0.00
Taxes / mo$225.17$225.17$225.17
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,267.93$1,701.06$1,945.96
Cash to close$82,250$24,500$24,500