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$172,875$172,875$243,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$70,125$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.329%7.640%
1st payment$822.59$822.59$1,682.48
2nd payment$0.00$525.94$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$150.00$150.00$150.00
MI / mo$138.38$138.38$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,255.14$1,781.08$2,025.25
Cash to close$97,125$27,000$27,000