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$168,835$168,835$247,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$78,665$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.419%7.560%
1st payment$801.03$801.03$1,700.15
2nd payment$0.00$589.99$0.00
Taxes / mo$169.83$169.83$169.83
Insurance / mo$150.00$150.00$150.00
MI / mo$136.32$136.32$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,257.18$1,847.17$2,069.49
Cash to close$106,165$27,500$27,500