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$139,537$139,537$629,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$489,563$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%6.818%7.640%
1st payment$649.29$649.29$4,355.76
2nd payment$0.00$3,161.76$0.00
Taxes / mo$184.00$184.00$184.00
Insurance / mo$166.67$166.67$166.67
MI / mo$113.39$113.39$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,113.35$4,275.11$4,832.25
Cash to close$559,463$69,900$69,900