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$131,109$131,109$431,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$299,991$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%6.503%7.640%
1st payment$608.18$608.18$2,984.85
2nd payment$0.00$1,937.44$0.00
Taxes / mo$399.17$399.17$399.17
Insurance / mo$166.67$166.67$166.67
MI / mo$104.84$104.84$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,278.86$3,216.30$3,636.90
Cash to close$347,891$47,900$47,900