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$20,359$20,359$213,975
Remaining term (yrs)25.425.430.0
Secondary amount$0$193,616$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%7.626%7.640%
1st payment$97.63$97.63$1,481.52
2nd payment$0.00$1,290.77$0.00
Taxes / mo$198.13$198.13$198.13
Insurance / mo$150.00$150.00$150.00
MI / mo$15.95$15.95$42.79
HOA / mo$0.00$0.00$0.00
Total monthly$461.70$1,752.48$1,872.44
Cash to close$217,391$23,775$23,775