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$175,562$175,562$292,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$116,938$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.347%7.640%
1st payment$819.60$819.60$2,025.21
2nd payment$0.00$779.59$0.00
Taxes / mo$239.50$239.50$239.50
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,351.68$2,131.27$2,473.21
Cash to close$149,438$32,500$32,500