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$173,997$173,997$257,391
Remaining term (yrs)24.024.030.0
Secondary amount$0$83,394$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.383%7.640%
1st payment$826.38$826.38$1,782.12
2nd payment$0.00$625.46$0.00
Taxes / mo$643.00$643.00$643.00
Insurance / mo$150.00$150.00$150.00
MI / mo$142.46$142.46$51.48
HOA / mo$13.17$13.17$13.17
Total monthly$1,775.01$2,400.46$2,639.77
Cash to close$111,993$28,599$28,599