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$74,663$74,663$305,991
Remaining term (yrs)20.020.030.0
Secondary amount$0$231,328$0
Funding fee$0$0$0
Note rate2.760%2.760%7.320%
Blended rate3.610%6.740%7.560%
1st payment$402.66$402.66$2,101.95
2nd payment$0.00$1,494.00$0.00
Taxes / mo$148.25$148.25$148.25
Insurance / mo$150.00$150.00$150.00
MI / mo$69.77$69.77$61.20
HOA / mo$25.00$25.00$25.00
Total monthly$795.68$2,289.67$2,486.39
Cash to close$265,327$33,999$33,999