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$161,536$161,536$305,100
Remaining term (yrs)10.710.730.0
Secondary amount$0$143,564$0
Funding fee$0$0$0
Note rate2.310%2.310%7.400%
Blended rate3.160%5.437%7.640%
1st payment$1,405.73$1,405.73$2,112.45
2nd payment$0.00$957.09$0.00
Taxes / mo$166.25$166.25$166.25
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,873.33$2,830.43$2,489.72
Cash to close$177,464$33,900$33,900