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$179,100$179,100$197,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$29,899$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%4.810%7.640%
1st payment$828.96$828.96$1,370.91
2nd payment$0.00$295.88$0.00
Taxes / mo$213.75$213.75$213.75
Insurance / mo$150.00$150.00$150.00
MI / mo$143.27$143.27$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,335.98$1,631.86$1,774.26
Cash to close$40,899$11,000$22,000