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$172,775$172,775$229,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$56,635$0
Funding fee$0$0$0
Note rate2.950%2.950%7.320%
Blended rate3.800%5.084%7.560%
1st payment$818.53$818.53$1,575.89
2nd payment$0.00$424.76$0.00
Taxes / mo$237.42$237.42$237.42
Insurance / mo$150.00$150.00$150.00
MI / mo$138.40$138.40$45.88
HOA / mo$9.58$9.58$9.58
Total monthly$1,353.93$1,778.70$2,018.77
Cash to close$82,125$25,490$25,490