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$80,401$80,401$296,550
Remaining term (yrs)24.424.430.0
Secondary amount$0$216,149$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%6.655%7.640%
1st payment$379.80$379.80$2,053.25
2nd payment$0.00$1,395.96$0.00
Taxes / mo$83.83$83.83$83.83
Insurance / mo$150.00$150.00$150.00
MI / mo$64.97$64.97$59.31
HOA / mo$0.00$0.00$0.00
Total monthly$678.61$2,074.57$2,346.40
Cash to close$249,099$32,950$32,950