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$119,138$119,138$386,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$267,772$0
Funding fee$0$0$0
Note rate2.180%2.180%7.400%
Blended rate3.030%6.297%7.640%
1st payment$612.91$612.91$2,678.89
2nd payment$0.00$1,729.36$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$100.34$100.34$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,221.50$2,950.86$3,264.52
Cash to close$310,762$42,990$42,990