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$170,666$170,666$310,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$139,834$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.664%7.640%
1st payment$843.76$843.76$2,149.84
2nd payment$0.00$932.23$0.00
Taxes / mo$117.92$117.92$117.92
Insurance / mo$150.00$150.00$150.00
MI / mo$140.54$140.54$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,252.22$2,184.45$2,479.86
Cash to close$174,334$34,500$34,500