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$149,525$149,525$418,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$268,885$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%6.349%7.640%
1st payment$727.41$727.41$2,896.99
2nd payment$0.00$1,736.55$0.00
Taxes / mo$242.75$242.75$242.75
Insurance / mo$166.67$166.67$166.67
MI / mo$122.52$122.52$83.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,259.35$2,995.90$3,390.08
Cash to close$315,375$46,490$46,490