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$169,805$169,805$341,910
Remaining term (yrs)21.421.430.0
Secondary amount$0$172,105$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%5.835%7.640%
1st payment$875.92$875.92$2,367.32
2nd payment$0.00$1,147.37$0.00
Taxes / mo$593.92$593.92$593.92
Insurance / mo$150.00$150.00$150.00
MI / mo$141.11$141.11$68.38
HOA / mo$102.00$102.00$102.00
Total monthly$1,862.94$3,010.31$3,281.61
Cash to close$210,095$37,990$37,990