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$64,713$64,713$216,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$151,287$0
Funding fee$0$0$0
Note rate3.350%3.350%7.320%
Blended rate4.200%6.862%7.560%
1st payment$429.14$429.14$1,483.77
2nd payment$0.00$1,008.58$0.00
Taxes / mo$265.67$265.67$265.67
Insurance / mo$150.00$150.00$150.00
MI / mo$68.97$68.97$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$913.78$1,922.36$1,942.64
Cash to close$175,287$24,000$24,000