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$56,530$56,530$224,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$168,380$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%7.090%7.640%
1st payment$375.69$375.69$1,557.23
2nd payment$0.00$1,122.53$0.00
Taxes / mo$79.47$79.47$79.47
Insurance / mo$150.00$150.00$150.00
MI / mo$59.04$59.04$44.98
HOA / mo$20.00$20.00$20.00
Total monthly$684.20$1,806.73$1,851.68
Cash to close$193,370$24,990$24,990