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$59,351$59,351$233,730
Remaining term (yrs)16.116.130.0
Secondary amount$0$174,379$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%6.977%7.560%
1st payment$388.40$388.40$1,605.56
2nd payment$0.00$1,162.52$0.00
Taxes / mo$274.92$274.92$274.92
Insurance / mo$150.00$150.00$150.00
MI / mo$64.26$64.26$46.75
HOA / mo$0.00$0.00$0.00
Total monthly$877.58$2,040.11$2,077.23
Cash to close$200,349$25,970$25,970