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$119,985$119,985$281,610
Remaining term (yrs)23.823.830.0
Secondary amount$0$161,625$0
Funding fee$0$0$0
Note rate2.980%2.980%7.240%
Blended rate3.830%6.223%7.480%
1st payment$583.70$583.70$1,919.17
2nd payment$0.00$1,077.50$0.00
Taxes / mo$260.75$260.75$260.75
Insurance / mo$150.00$150.00$150.00
MI / mo$98.32$98.32$56.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,092.77$2,170.27$2,386.24
Cash to close$192,915$31,290$31,290