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$155,117$155,117$422,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$267,793$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%6.246%7.640%
1st payment$842.21$842.21$2,928.14
2nd payment$0.00$1,729.50$0.00
Taxes / mo$228.42$228.42$228.42
Insurance / mo$166.67$166.67$166.67
MI / mo$128.61$128.61$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,365.90$3,095.40$3,407.81
Cash to close$314,783$46,990$46,990