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$59,912$59,912$210,600
Remaining term (yrs)7.07.030.0
Secondary amount$0$150,688$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%6.760%7.640%
1st payment$769.43$769.43$1,458.15
2nd payment$0.00$1,004.58$0.00
Taxes / mo$83.92$83.92$83.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.81$132.81$42.12
HOA / mo$425.00$425.00$425.00
Total monthly$1,561.16$2,565.74$2,159.19
Cash to close$174,088$23,400$23,400