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$162,239$162,239$247,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$85,261$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.545%7.640%
1st payment$754.13$754.13$1,713.64
2nd payment$0.00$639.46$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$49.50
HOA / mo$8.33$8.33$8.33
Total monthly$1,270.30$1,909.76$2,150.64
Cash to close$112,761$27,500$27,500