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$28,490$28,490$215,100
Remaining term (yrs)15.315.330.0
Secondary amount$0$186,610$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%7.649%7.640%
1st payment$213.83$213.83$1,489.31
2nd payment$0.00$1,244.06$0.00
Taxes / mo$219.89$219.89$219.89
Insurance / mo$150.00$150.00$150.00
MI / mo$29.89$29.89$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$613.61$1,857.67$1,902.22
Cash to close$210,510$23,900$23,900