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$142,761$142,761$323,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$181,238$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%6.154%7.560%
1st payment$677.08$677.08$2,225.65
2nd payment$0.00$1,208.25$0.00
Taxes / mo$200.83$200.83$200.83
Insurance / mo$150.00$150.00$150.00
MI / mo$114.34$114.34$64.80
HOA / mo$85.00$85.00$85.00
Total monthly$1,227.25$2,435.51$2,726.28
Cash to close$217,238$36,000$36,000