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$101,816$101,816$252,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$150,184$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%6.246%7.640%
1st payment$477.23$477.23$1,744.80
2nd payment$0.00$1,001.22$0.00
Taxes / mo$91.67$91.67$91.67
Insurance / mo$150.00$150.00$150.00
MI / mo$82.16$82.16$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$801.06$1,802.29$2,036.86
Cash to close$178,184$28,000$28,000