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$177,665$177,665$323,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$146,245$0
Funding fee$0$0$0
Note rate2.180%2.180%7.320%
Blended rate3.030%5.274%7.560%
1st payment$766.79$766.79$2,225.04
2nd payment$0.00$974.97$0.00
Taxes / mo$270.75$270.75$270.75
Insurance / mo$150.00$150.00$150.00
MI / mo$143.43$143.43$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,330.96$2,305.93$2,710.57
Cash to close$182,235$35,990$35,990