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$109,044$109,044$427,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$318,456$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%6.704%7.560%
1st payment$512.96$512.96$2,936.63
2nd payment$0.00$2,056.69$0.00
Taxes / mo$109.50$109.50$109.50
Insurance / mo$166.67$166.67$166.67
MI / mo$88.43$88.43$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$877.56$2,934.25$3,298.30
Cash to close$365,956$47,500$47,500