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$26,646$26,646$193,499
Remaining term (yrs)22.822.830.0
Secondary amount$0$166,853$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%7.541%7.640%
1st payment$145.56$145.56$1,339.75
2nd payment$0.00$1,112.35$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$22.07$22.07$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$496.80$1,609.15$1,707.61
Cash to close$188,353$21,500$21,500