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$164,704$164,704$584,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$419,396$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%6.588%7.640%
1st payment$778.68$778.68$4,044.19
2nd payment$0.00$2,708.60$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$134.58$134.58$116.82
HOA / mo$314.00$314.00$314.00
Total monthly$1,934.76$4,643.36$5,182.51
Cash to close$484,296$64,900$64,900