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$149,157$149,157$467,550
Remaining term (yrs)25.025.030.0
Secondary amount$0$318,393$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%6.468%7.560%
1st payment$694.89$694.89$3,211.74
2nd payment$0.00$2,056.29$0.00
Taxes / mo$432.92$432.92$432.92
Insurance / mo$166.67$166.67$166.67
MI / mo$118.56$118.56$93.51
HOA / mo$0.00$0.00$0.00
Total monthly$1,413.03$3,469.32$3,904.84
Cash to close$370,343$51,950$51,950