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$160,690$160,690$270,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$109,310$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.447%7.640%
1st payment$768.11$768.11$1,869.43
2nd payment$0.00$728.74$0.00
Taxes / mo$332.42$332.42$332.42
Insurance / mo$150.00$150.00$150.00
MI / mo$128.58$128.58$54.00
HOA / mo$360.00$360.00$360.00
Total monthly$1,739.11$2,467.85$2,765.84
Cash to close$139,310$30,000$30,000