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$40,193$40,193$269,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$228,907$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%7.235%7.560%
1st payment$197.67$197.67$1,848.53
2nd payment$0.00$1,478.36$0.00
Taxes / mo$255.58$255.58$255.58
Insurance / mo$150.00$150.00$150.00
MI / mo$31.38$31.38$53.82
HOA / mo$50.00$50.00$50.00
Total monthly$684.63$2,162.98$2,357.93
Cash to close$258,807$29,900$29,900