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$176,960$176,960$296,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$119,950$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.521%7.560%
1st payment$838.24$838.24$2,039.57
2nd payment$0.00$799.67$0.00
Taxes / mo$145.17$145.17$145.17
Insurance / mo$150.00$150.00$150.00
MI / mo$141.01$141.01$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,274.42$2,074.09$2,394.11
Cash to close$152,940$32,990$32,990