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$180,221$180,221$278,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$98,689$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.646%7.560%
1st payment$852.81$852.81$1,915.92
2nd payment$0.00$740.16$0.00
Taxes / mo$418.42$418.42$418.42
Insurance / mo$150.00$150.00$150.00
MI / mo$144.02$144.02$55.78
HOA / mo$45.00$45.00$45.00
Total monthly$1,610.24$2,350.40$2,585.12
Cash to close$129,679$30,990$30,990