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$161,213$161,213$252,900
Remaining term (yrs)24.924.930.0
Secondary amount$0$91,687$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%5.577%7.640%
1st payment$744.46$744.46$1,751.03
2nd payment$0.00$687.65$0.00
Taxes / mo$234.17$234.17$234.17
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$50.58
HOA / mo$2.92$2.92$2.92
Total monthly$1,260.21$1,947.86$2,188.70
Cash to close$119,787$28,100$28,100