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$59,698$59,698$247,410
Remaining term (yrs)14.214.230.0
Secondary amount$0$187,712$0
Funding fee$0$0$0
Note rate4.230%4.230%7.400%
Blended rate5.080%7.295%7.640%
1st payment$463.46$463.46$1,713.02
2nd payment$0.00$1,251.41$0.00
Taxes / mo$215.67$215.67$215.67
Insurance / mo$150.00$150.00$150.00
MI / mo$66.89$66.89$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$896.02$2,147.43$2,128.17
Cash to close$215,202$27,490$27,490