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$105,842$105,842$283,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$177,658$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%6.410%7.640%
1st payment$507.56$507.56$1,962.90
2nd payment$0.00$1,184.39$0.00
Taxes / mo$68.65$68.65$68.65
Insurance / mo$150.00$150.00$150.00
MI / mo$86.49$86.49$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$812.70$1,997.08$2,238.24
Cash to close$209,158$31,500$31,500