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$155,257$155,257$323,550
Remaining term (yrs)24.424.430.0
Secondary amount$0$168,293$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.898%7.640%
1st payment$727.98$727.98$2,240.19
2nd payment$0.00$1,121.95$0.00
Taxes / mo$122.33$122.33$122.33
Insurance / mo$150.00$150.00$150.00
MI / mo$125.98$125.98$64.71
HOA / mo$0.00$0.00$0.00
Total monthly$1,126.30$2,248.25$2,577.24
Cash to close$204,243$35,950$35,950