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$171,392$171,392$292,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$121,018$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.509%7.640%
1st payment$800.25$800.25$2,024.59
2nd payment$0.00$806.79$0.00
Taxes / mo$257.92$257.92$257.92
Insurance / mo$150.00$150.00$150.00
MI / mo$136.18$136.18$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,344.35$2,151.14$2,490.99
Cash to close$153,508$32,490$32,490