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$122,464$122,464$360,000
Remaining term (yrs)9.59.530.0
Secondary amount$0$237,536$0
Funding fee$0$0$0
Note rate2.340%2.340%7.400%
Blended rate3.190%6.199%7.640%
1st payment$1,180.65$1,180.65$2,492.57
2nd payment$0.00$1,534.09$0.00
Taxes / mo$118.17$118.17$118.17
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$72.00
HOA / mo$10.00$10.00$10.00
Total monthly$1,585.66$3,119.75$2,842.73
Cash to close$277,536$40,000$40,000