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$70,972$70,972$292,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$221,528$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%6.772%7.560%
1st payment$331.02$331.02$2,009.27
2nd payment$0.00$1,430.70$0.00
Taxes / mo$227.92$227.92$227.92
Insurance / mo$150.00$150.00$150.00
MI / mo$56.55$56.55$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$765.49$2,196.19$2,445.69
Cash to close$254,028$32,500$32,500