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$178,599$178,599$306,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$127,401$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.467%7.640%
1st payment$920.47$920.47$2,118.68
2nd payment$0.00$849.34$0.00
Taxes / mo$472.67$472.67$472.67
Insurance / mo$150.00$150.00$150.00
MI / mo$147.94$147.94$61.20
HOA / mo$79.00$79.00$79.00
Total monthly$1,770.08$2,619.41$2,881.55
Cash to close$161,401$34,000$34,000