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$160,117$160,117$323,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$162,983$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.849%7.560%
1st payment$752.26$752.26$2,219.47
2nd payment$0.00$1,086.55$0.00
Taxes / mo$98.50$98.50$98.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.51$129.51$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,130.28$2,216.83$2,532.59
Cash to close$198,883$35,900$35,900