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$163,966$163,966$359,999
Remaining term (yrs)24.124.130.0
Secondary amount$0$196,033$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%6.060%7.640%
1st payment$784.42$784.42$2,492.56
2nd payment$0.00$1,306.89$0.00
Taxes / mo$147.08$147.08$147.08
Insurance / mo$150.00$150.00$150.00
MI / mo$133.66$133.66$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,215.17$2,522.06$2,861.64
Cash to close$236,033$40,000$40,000