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$55,046$55,046$251,991
Remaining term (yrs)15.315.330.0
Secondary amount$0$196,945$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%7.301%7.640%
1st payment$397.75$397.75$1,744.73
2nd payment$0.00$1,312.97$0.00
Taxes / mo$233.33$233.33$233.33
Insurance / mo$150.00$150.00$150.00
MI / mo$59.37$59.37$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$840.45$2,153.42$2,178.46
Cash to close$224,944$27,999$27,999