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$167,333$167,333$292,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$125,167$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.557%7.560%
1st payment$781.33$781.33$2,009.27
2nd payment$0.00$834.45$0.00
Taxes / mo$237.67$237.67$237.67
Insurance / mo$150.00$150.00$150.00
MI / mo$133.31$133.31$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.31$2,136.75$2,455.44
Cash to close$157,667$32,500$32,500