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$159,439$159,439$342,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$182,561$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.930%7.640%
1st payment$746.30$746.30$2,367.94
2nd payment$0.00$1,217.07$0.00
Taxes / mo$128.00$128.00$128.00
Insurance / mo$150.00$150.00$150.00
MI / mo$130.16$130.16$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,154.46$2,371.53$2,714.34
Cash to close$220,561$38,000$38,000