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$143,319$143,319$220,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$77,181$0
Funding fee$0$0$0
Note rate2.750%2.750%7.400%
Blended rate3.600%5.490%7.640%
1st payment$677.03$677.03$1,526.70
2nd payment$0.00$578.86$0.00
Taxes / mo$225.25$225.25$225.25
Insurance / mo$150.00$150.00$150.00
MI / mo$117.47$117.47$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,169.75$1,748.60$1,946.05
Cash to close$101,681$24,500$24,500