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$115,737$115,737$445,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$329,763$0
Funding fee$0$0$0
Note rate2.750%2.750%7.320%
Blended rate3.600%6.672%7.560%
1st payment$625.54$625.54$3,060.28
2nd payment$0.00$2,129.72$0.00
Taxes / mo$205.42$205.42$205.42
Insurance / mo$166.67$166.67$166.67
MI / mo$108.54$108.54$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,106.15$3,235.87$3,521.46
Cash to close$379,263$49,500$49,500