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$180,526$180,526$296,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$115,574$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.397%7.640%
1st payment$844.85$844.85$2,050.14
2nd payment$0.00$770.49$0.00
Taxes / mo$74.75$74.75$74.75
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,213.75$1,984.24$2,334.11
Cash to close$148,474$32,900$32,900