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$125,904$125,904$333,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$207,096$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%6.192%7.640%
1st payment$588.20$588.20$2,305.62
2nd payment$0.00$1,337.49$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$99.46$99.46$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.00$2,483.49$2,830.56
Cash to close$244,096$37,000$37,000