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$161,331$161,331$202,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$41,169$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.801%7.640%
1st payment$769.17$769.17$1,402.07
2nd payment$0.00$308.77$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$131.23$131.23$40.50
HOA / mo$419.00$419.00$419.00
Total monthly$1,656.90$1,965.67$2,199.07
Cash to close$63,669$22,500$22,500