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$178,883$178,883$301,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$122,617$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.467%7.560%
1st payment$861.03$861.03$2,071.10
2nd payment$0.00$817.45$0.00
Taxes / mo$69.67$69.67$69.67
Insurance / mo$150.00$150.00$150.00
MI / mo$146.91$146.91$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,227.60$2,045.05$2,351.06
Cash to close$156,117$33,500$33,500