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$141,569$141,569$296,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$155,341$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.926%7.560%
1st payment$670.75$670.75$2,039.57
2nd payment$0.00$1,035.60$0.00
Taxes / mo$274.92$274.92$274.92
Insurance / mo$150.00$150.00$150.00
MI / mo$115.63$115.63$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,211.30$2,246.90$2,523.86
Cash to close$188,331$32,990$32,990