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$61,857$61,857$242,910
Remaining term (yrs)19.219.230.0
Secondary amount$0$181,053$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%7.147%7.640%
1st payment$376.85$376.85$1,681.86
2nd payment$0.00$1,207.02$0.00
Taxes / mo$284.33$284.33$284.33
Insurance / mo$150.00$150.00$150.00
MI / mo$57.29$57.29$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$868.47$2,075.50$2,164.78
Cash to close$208,043$26,990$26,990