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$173,689$173,689$260,991
Remaining term (yrs)24.424.430.0
Secondary amount$0$87,302$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.446%7.560%
1st payment$816.03$816.03$1,792.83
2nd payment$0.00$654.77$0.00
Taxes / mo$141.50$141.50$141.50
Insurance / mo$150.00$150.00$150.00
MI / mo$140.49$140.49$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,248.02$1,902.79$2,136.53
Cash to close$116,301$28,999$28,999