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$158,460$158,460$321,750
Remaining term (yrs)24.024.030.0
Secondary amount$0$163,290$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.858%7.560%
1st payment$752.59$752.59$2,210.20
2nd payment$0.00$1,088.60$0.00
Taxes / mo$178.92$178.92$178.92
Insurance / mo$150.00$150.00$150.00
MI / mo$129.74$129.74$64.35
HOA / mo$0.00$0.00$0.00
Total monthly$1,211.24$2,299.84$2,603.47
Cash to close$199,040$35,750$35,750