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$179,621$179,621$261,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$81,379$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.387%7.640%
1st payment$866.42$866.42$1,807.11
2nd payment$0.00$610.34$0.00
Taxes / mo$238.75$238.75$238.75
Insurance / mo$150.00$150.00$150.00
MI / mo$147.45$147.45$52.20
HOA / mo$37.50$37.50$37.50
Total monthly$1,440.12$2,050.47$2,285.56
Cash to close$110,379$29,000$29,000