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$51,348$51,348$202,500
Remaining term (yrs)19.219.230.0
Secondary amount$0$151,152$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%7.189%7.640%
1st payment$316.84$316.84$1,402.07
2nd payment$0.00$1,007.68$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$47.29$47.29$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$701.63$1,709.31$1,780.07
Cash to close$173,652$22,500$22,500