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$179,926$179,926$404,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$224,984$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%5.866%7.640%
1st payment$835.59$835.59$2,803.52
2nd payment$0.00$1,453.02$0.00
Taxes / mo$249.33$249.33$249.33
Insurance / mo$150.00$150.00$150.00
MI / mo$146.69$146.69$80.98
HOA / mo$24.17$24.17$24.17
Total monthly$1,405.78$2,858.81$3,308.00
Cash to close$269,974$44,990$44,990