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$162,516$162,516$386,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$223,584$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%6.012%7.640%
1st payment$749.64$749.64$2,673.28
2nd payment$0.00$1,443.98$0.00
Taxes / mo$574.50$574.50$574.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.73$129.73$77.22
HOA / mo$6.25$6.25$6.25
Total monthly$1,610.12$3,054.10$3,481.25
Cash to close$266,484$42,900$42,900