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$181,557$181,557$242,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$60,543$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.935%7.560%
1st payment$847.59$847.59$1,663.06
2nd payment$0.00$454.07$0.00
Taxes / mo$366.25$366.25$366.25
Insurance / mo$150.00$150.00$150.00
MI / mo$147.45$147.45$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,511.29$1,965.36$2,227.73
Cash to close$87,443$26,900$26,900