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$42,620$42,620$247,500
Remaining term (yrs)8.58.530.0
Secondary amount$0$204,880$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%7.106%7.640%
1st payment$469.02$469.02$1,713.64
2nd payment$0.00$1,323.19$0.00
Taxes / mo$636.00$636.00$636.00
Insurance / mo$150.00$150.00$150.00
MI / mo$47.58$47.58$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.59$2,625.78$2,549.14
Cash to close$232,380$27,500$27,500