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$171,689$171,689$216,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$44,311$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.692%7.640%
1st payment$799.61$799.61$1,495.54
2nd payment$0.00$332.33$0.00
Taxes / mo$213.50$213.50$213.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.21$1,634.55$1,902.24
Cash to close$68,311$24,000$24,000