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$123,775$123,775$315,000
Remaining term (yrs)17.517.530.0
Secondary amount$0$191,225$0
Funding fee$0$0$0
Note rate2.480%2.480%7.320%
Blended rate3.330%6.165%7.560%
1st payment$721.65$721.65$2,163.83
2nd payment$0.00$1,274.84$0.00
Taxes / mo$252.42$252.42$252.42
Insurance / mo$150.00$150.00$150.00
MI / mo$129.71$129.71$63.00
HOA / mo$535.00$535.00$535.00
Total monthly$1,788.77$3,063.61$3,164.25
Cash to close$226,225$35,000$35,000