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$34,835$34,835$261,899
Remaining term (yrs)14.814.830.0
Secondary amount$0$227,065$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%7.444%7.560%
1st payment$269.31$269.31$1,799.07
2nd payment$0.00$1,466.46$0.00
Taxes / mo$184.83$184.83$184.83
Insurance / mo$150.00$150.00$150.00
MI / mo$37.21$37.21$52.38
HOA / mo$91.67$91.67$91.67
Total monthly$733.02$2,199.48$2,277.95
Cash to close$256,164$29,100$29,100