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$134,974$134,974$364,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$229,526$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%6.235%7.560%
1st payment$757.18$757.18$2,503.86
2nd payment$0.00$1,482.36$0.00
Taxes / mo$132.92$132.92$132.92
Insurance / mo$150.00$150.00$150.00
MI / mo$115.49$115.49$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,155.59$2,637.95$2,859.68
Cash to close$270,026$40,500$40,500