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$170,612$170,612$270,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$99,388$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.569%7.640%
1st payment$797.54$797.54$1,869.43
2nd payment$0.00$745.41$0.00
Taxes / mo$91.42$91.42$91.42
Insurance / mo$150.00$150.00$150.00
MI / mo$138.92$138.92$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,177.87$1,923.28$2,164.84
Cash to close$129,388$30,000$30,000