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$183,125$183,125$260,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$77,785$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.175%7.640%
1st payment$856.24$856.24$1,806.49
2nd payment$0.00$583.38$0.00
Taxes / mo$274.83$274.83$274.83
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$52.18
HOA / mo$42.00$42.00$42.00
Total monthly$1,472.60$2,055.99$2,325.50
Cash to close$106,775$28,990$28,990