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$165,950$165,950$224,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$58,960$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.060%7.640%
1st payment$779.67$779.67$1,557.23
2nd payment$0.00$442.20$0.00
Taxes / mo$78.83$78.83$78.83
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,142.73$1,584.93$1,831.05
Cash to close$83,950$24,990$24,990