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$176,151$176,151$232,110
Remaining term (yrs)24.924.930.0
Secondary amount$0$55,959$0
Funding fee$0$0$0
Note rate2.270%2.270%7.400%
Blended rate3.120%4.538%7.640%
1st payment$769.99$769.99$1,607.08
2nd payment$0.00$419.69$0.00
Taxes / mo$245.83$245.83$245.83
Insurance / mo$150.00$150.00$150.00
MI / mo$142.31$142.31$46.42
HOA / mo$358.00$358.00$358.00
Total monthly$1,666.13$2,085.83$2,407.34
Cash to close$81,749$25,790$25,790