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$152,610$152,610$359,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$206,490$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.952%7.640%
1st payment$707.80$707.80$2,486.34
2nd payment$0.00$1,333.58$0.00
Taxes / mo$102.25$102.25$102.25
Insurance / mo$150.00$150.00$150.00
MI / mo$124.09$124.09$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,084.14$2,417.72$2,810.41
Cash to close$246,390$39,900$39,900