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$90,077$90,077$269,910
Remaining term (yrs)12.912.930.0
Secondary amount$0$179,833$0
Funding fee$0$0$0
Note rate2.000%2.000%7.320%
Blended rate2.850%6.281%7.560%
1st payment$656.21$656.21$1,854.09
2nd payment$0.00$1,198.89$0.00
Taxes / mo$251.08$251.08$251.08
Insurance / mo$150.00$150.00$150.00
MI / mo$125.75$125.75$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,183.05$2,381.93$2,309.16
Cash to close$209,823$29,990$29,990