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$56,997$56,997$211,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$154,503$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%7.035%7.640%
1st payment$333.57$333.57$1,464.38
2nd payment$0.00$1,030.02$0.00
Taxes / mo$195.83$195.83$195.83
Insurance / mo$150.00$150.00$150.00
MI / mo$52.16$52.16$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$731.56$1,761.58$1,852.52
Cash to close$178,003$23,500$23,500