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$138,102$138,102$368,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$230,808$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%6.245%7.640%
1st payment$646.31$646.31$2,554.26
2nd payment$0.00$1,490.64$0.00
Taxes / mo$45.83$45.83$45.83
Insurance / mo$150.00$150.00$150.00
MI / mo$110.27$110.27$73.78
HOA / mo$0.00$0.00$0.00
Total monthly$952.41$2,443.05$2,823.87
Cash to close$271,798$40,990$40,990