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$160,846$160,846$233,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$73,064$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.369%7.560%
1st payment$794.77$794.77$1,606.80
2nd payment$0.00$547.98$0.00
Taxes / mo$296.50$296.50$296.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.90$129.90$46.78
HOA / mo$295.00$295.00$295.00
Total monthly$1,666.17$2,214.15$2,395.08
Cash to close$99,054$25,990$25,990