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$159,779$159,779$315,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$155,221$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.844%7.640%
1st payment$767.04$767.04$2,181.00
2nd payment$0.00$1,034.81$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$130.53$130.53$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,339.24$2,374.04$2,685.66
Cash to close$190,221$35,000$35,000