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$67,043$67,043$250,200
Remaining term (yrs)19.819.830.0
Secondary amount$0$183,157$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%7.059%7.640%
1st payment$394.79$394.79$1,732.33
2nd payment$0.00$1,221.04$0.00
Taxes / mo$85.92$85.92$85.92
Insurance / mo$150.00$150.00$150.00
MI / mo$61.20$61.20$50.04
HOA / mo$48.00$48.00$48.00
Total monthly$739.91$1,960.95$2,066.29
Cash to close$210,957$27,800$27,800