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$167,993$167,993$270,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$102,007$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.275%7.640%
1st payment$787.70$787.70$1,869.43
2nd payment$0.00$680.05$0.00
Taxes / mo$448.58$448.58$448.58
Insurance / mo$150.00$150.00$150.00
MI / mo$136.32$136.32$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,522.60$2,202.64$2,522.01
Cash to close$132,007$30,000$30,000