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$73,284$73,284$256,500
Remaining term (yrs)38.738.730.0
Secondary amount$0$183,216$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.550%5.871%7.560%
1st payment$152.68$152.68$1,761.98
2nd payment$0.00$1,221.44$0.00
Taxes / mo$272.25$272.25$272.25
Insurance / mo$150.00$150.00$150.00
MI / mo$33.59$33.59$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$608.51$1,829.95$2,235.53
Cash to close$211,716$28,500$28,500