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$172,950$172,950$287,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$114,960$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.369%7.640%
1st payment$799.61$799.61$1,993.43
2nd payment$0.00$766.40$0.00
Taxes / mo$83.17$83.17$83.17
Insurance / mo$150.00$150.00$150.00
MI / mo$138.38$138.38$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,171.16$1,937.55$2,284.18
Cash to close$146,950$31,990$31,990