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$100,575$100,575$413,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$312,525$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%6.762%7.640%
1st payment$466.48$466.48$2,860.22
2nd payment$0.00$2,018.39$0.00
Taxes / mo$147.00$147.00$147.00
Insurance / mo$166.67$166.67$166.67
MI / mo$80.00$80.00$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$860.14$2,878.54$3,256.51
Cash to close$358,425$45,900$45,900