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$73,559$73,559$238,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$164,941$0
Funding fee$0$0$0
Note rate3.430%3.430%7.320%
Blended rate4.280%6.853%7.560%
1st payment$423.97$423.97$1,638.33
2nd payment$0.00$1,099.61$0.00
Taxes / mo$117.46$117.46$117.46
Insurance / mo$150.00$150.00$150.00
MI / mo$67.46$67.46$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$758.89$1,858.50$1,953.49
Cash to close$191,441$26,500$26,500