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$131,932$131,932$305,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$173,978$0
Funding fee$0$0$0
Note rate2.670%2.670%7.320%
Blended rate3.520%6.068%7.560%
1st payment$613.37$613.37$2,101.39
2nd payment$0.00$1,159.85$0.00
Taxes / mo$176.33$176.33$176.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.54$107.54$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,047.25$2,207.10$2,488.90
Cash to close$207,968$33,990$33,990