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$45,646$45,646$242,550
Remaining term (yrs)19.119.130.0
Secondary amount$0$196,904$0
Funding fee$0$0$0
Note rate3.790%3.790%7.400%
Blended rate4.640%7.368%7.640%
1st payment$278.67$278.67$1,679.37
2nd payment$0.00$1,312.69$0.00
Taxes / mo$107.30$107.30$107.30
Insurance / mo$150.00$150.00$150.00
MI / mo$42.41$42.41$48.51
HOA / mo$0.00$0.00$0.00
Total monthly$578.38$1,891.07$1,985.17
Cash to close$223,854$26,950$26,950