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$103,698$103,698$270,810
Remaining term (yrs)24.424.430.0
Secondary amount$0$167,112$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%6.277%7.560%
1st payment$479.89$479.89$1,860.28
2nd payment$0.00$1,114.08$0.00
Taxes / mo$285.50$285.50$285.50
Insurance / mo$150.00$150.00$150.00
MI / mo$84.36$84.36$54.16
HOA / mo$0.00$0.00$0.00
Total monthly$999.75$2,113.83$2,349.94
Cash to close$197,202$30,090$30,090