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$59,107$59,107$200,250
Remaining term (yrs)18.718.730.0
Secondary amount$0$141,143$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%7.023%7.560%
1st payment$367.81$367.81$1,375.58
2nd payment$0.00$940.96$0.00
Taxes / mo$52.17$52.17$52.17
Insurance / mo$150.00$150.00$150.00
MI / mo$55.64$55.64$40.05
HOA / mo$0.00$0.00$0.00
Total monthly$625.61$1,566.57$1,617.80
Cash to close$163,393$22,250$22,250