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$108,442$108,442$265,410
Remaining term (yrs)19.819.830.0
Secondary amount$0$156,968$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%6.264%7.560%
1st payment$597.85$597.85$1,823.18
2nd payment$0.00$1,046.45$0.00
Taxes / mo$89.25$89.25$89.25
Insurance / mo$150.00$150.00$150.00
MI / mo$92.71$92.71$53.08
HOA / mo$514.00$514.00$514.00
Total monthly$1,443.81$2,490.26$2,629.51
Cash to close$186,458$29,490$29,490