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$93,352$93,352$314,010
Remaining term (yrs)17.917.930.0
Secondary amount$0$220,658$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%6.555%7.640%
1st payment$554.35$554.35$2,174.14
2nd payment$0.00$1,425.08$0.00
Taxes / mo$203.58$203.58$203.58
Insurance / mo$150.00$150.00$150.00
MI / mo$79.18$79.18$62.80
HOA / mo$33.33$33.33$33.33
Total monthly$1,020.45$2,445.53$2,623.86
Cash to close$255,548$34,890$34,890