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$178,068$178,068$341,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$163,842$0
Funding fee$0$0$0
Note rate2.780%2.780%7.320%
Blended rate3.630%5.724%7.560%
1st payment$839.84$839.84$2,348.68
2nd payment$0.00$1,092.28$0.00
Taxes / mo$373.08$373.08$373.08
Insurance / mo$150.00$150.00$150.00
MI / mo$145.15$145.15$68.38
HOA / mo$46.67$46.67$46.67
Total monthly$1,554.75$2,647.03$2,986.82
Cash to close$201,832$37,990$37,990