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$83,652$83,652$274,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$190,848$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%6.851%7.640%
1st payment$555.98$555.98$1,900.58
2nd payment$0.00$1,272.32$0.00
Taxes / mo$254.17$254.17$254.17
Insurance / mo$150.00$150.00$150.00
MI / mo$89.02$89.02$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,049.17$2,321.49$2,359.65
Cash to close$221,348$30,500$30,500