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$169,624$169,624$265,950
Remaining term (yrs)24.824.830.0
Secondary amount$0$96,326$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.671%7.640%
1st payment$800.03$800.03$1,841.38
2nd payment$0.00$722.44$0.00
Taxes / mo$67.42$67.42$67.42
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$53.19
HOA / mo$85.00$85.00$85.00
Total monthly$1,238.07$1,960.51$2,196.99
Cash to close$125,876$29,550$29,550