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$99,752$99,752$259,650
Remaining term (yrs)19.719.730.0
Secondary amount$0$159,898$0
Funding fee$0$0$0
Note rate1.670%1.670%7.400%
Blended rate2.520%5.895%7.640%
1st payment$492.65$492.65$1,797.76
2nd payment$0.00$1,065.99$0.00
Taxes / mo$182.58$182.58$182.58
Insurance / mo$150.00$150.00$150.00
MI / mo$98.76$98.76$51.93
HOA / mo$0.00$0.00$0.00
Total monthly$923.99$1,989.98$2,182.28
Cash to close$188,748$28,850$28,850