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$118,743$118,743$463,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$344,757$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%6.682%7.640%
1st payment$554.35$554.35$3,209.18
2nd payment$0.00$2,226.56$0.00
Taxes / mo$93.43$93.43$93.43
Insurance / mo$166.67$166.67$166.67
MI / mo$96.43$96.43$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$910.87$3,137.43$3,561.97
Cash to close$396,257$51,500$51,500