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$175,949$175,949$220,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$44,551$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.795%7.640%
1st payment$823.43$823.43$1,526.70
2nd payment$0.00$334.13$0.00
Taxes / mo$321.00$321.00$321.00
Insurance / mo$150.00$150.00$150.00
MI / mo$140.49$140.49$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,434.92$1,769.05$2,041.80
Cash to close$69,051$24,500$24,500