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$41,254$41,254$220,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$179,246$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%7.368%7.640%
1st payment$223.75$223.75$1,526.70
2nd payment$0.00$1,194.97$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$150.00$150.00$150.00
MI / mo$34.14$34.14$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$612.05$1,807.02$1,924.96
Cash to close$203,746$24,500$24,500