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$129,892$129,892$472,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$342,608$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%6.601%7.640%
1st payment$715.87$715.87$3,271.49
2nd payment$0.00$2,212.68$0.00
Taxes / mo$219.75$219.75$219.75
Insurance / mo$166.67$166.67$166.67
MI / mo$110.29$110.29$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,212.58$3,425.25$3,752.41
Cash to close$395,108$52,500$52,500