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$181,191$181,191$318,600
Remaining term (yrs)23.923.930.0
Secondary amount$0$137,409$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.583%7.640%
1st payment$871.91$871.91$2,205.92
2nd payment$0.00$916.06$0.00
Taxes / mo$85.58$85.58$85.58
Insurance / mo$150.00$150.00$150.00
MI / mo$148.38$148.38$63.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,255.87$2,171.93$2,505.23
Cash to close$172,809$35,400$35,400