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$124,717$124,717$359,910
Remaining term (yrs)14.414.430.0
Secondary amount$0$235,193$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%6.333%7.640%
1st payment$869.46$869.46$2,491.94
2nd payment$0.00$1,518.95$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$112.98$112.98$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,465.69$2,984.64$3,047.18
Cash to close$275,183$39,990$39,990