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$133,535$133,535$359,100
Remaining term (yrs)19.119.130.0
Secondary amount$0$225,565$0
Funding fee$0$0$0
Note rate2.350%2.350%7.320%
Blended rate3.200%6.058%7.560%
1st payment$719.21$719.21$2,466.77
2nd payment$0.00$1,456.77$0.00
Taxes / mo$132.92$132.92$132.92
Insurance / mo$150.00$150.00$150.00
MI / mo$115.49$115.49$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,117.62$2,574.39$2,821.50
Cash to close$265,465$39,900$39,900