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$22,420$22,420$247,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$225,080$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%7.447%7.560%
1st payment$117.33$117.33$1,700.15
2nd payment$0.00$1,453.64$0.00
Taxes / mo$277.08$277.08$277.08
Insurance / mo$150.00$150.00$150.00
MI / mo$17.68$17.68$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$562.10$2,015.74$2,176.74
Cash to close$252,580$27,500$27,500