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$153,372$153,372$296,910
Remaining term (yrs)22.022.030.0
Secondary amount$0$143,538$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.794%7.560%
1st payment$780.75$780.75$2,039.57
2nd payment$0.00$956.92$0.00
Taxes / mo$164.75$164.75$164.75
Insurance / mo$150.00$150.00$150.00
MI / mo$124.45$124.45$59.38
HOA / mo$31.25$31.25$31.25
Total monthly$1,251.20$2,208.12$2,444.95
Cash to close$176,528$32,990$32,990