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$89,689$89,689$359,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$269,411$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%6.701%7.640%
1st payment$411.45$411.45$2,486.34
2nd payment$0.00$1,739.94$0.00
Taxes / mo$34.33$34.33$34.33
Insurance / mo$150.00$150.00$150.00
MI / mo$71.86$71.86$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$667.64$2,407.59$2,742.49
Cash to close$309,311$39,900$39,900