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$172,425$172,425$292,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$119,985$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.494%7.640%
1st payment$789.26$789.26$2,024.59
2nd payment$0.00$799.90$0.00
Taxes / mo$281.92$281.92$281.92
Insurance / mo$150.00$150.00$150.00
MI / mo$137.09$137.09$58.48
HOA / mo$4.17$4.17$4.17
Total monthly$1,362.43$2,162.34$2,519.16
Cash to close$152,475$32,490$32,490