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$165,922$165,922$220,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$54,578$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.974%7.560%
1st payment$766.15$766.15$1,514.68
2nd payment$0.00$409.33$0.00
Taxes / mo$135.58$135.58$135.58
Insurance / mo$150.00$150.00$150.00
MI / mo$132.08$132.08$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,183.81$1,593.14$1,844.37
Cash to close$79,078$24,500$24,500