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$154,329$154,329$378,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$223,671$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%6.109%7.560%
1st payment$765.30$765.30$2,596.60
2nd payment$0.00$1,444.54$0.00
Taxes / mo$166.58$166.58$166.58
Insurance / mo$150.00$150.00$150.00
MI / mo$127.79$127.79$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,209.68$2,654.22$2,988.78
Cash to close$265,671$42,000$42,000