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$84,840$84,840$269,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$184,260$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%6.619%7.640%
1st payment$397.80$397.80$1,863.19
2nd payment$0.00$1,228.40$0.00
Taxes / mo$89.50$89.50$89.50
Insurance / mo$150.00$150.00$150.00
MI / mo$68.84$68.84$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$706.14$1,934.54$2,156.51
Cash to close$214,160$29,900$29,900