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$54,118$54,118$283,500
Remaining term (yrs)15.115.130.0
Secondary amount$0$229,382$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%7.196%7.560%
1st payment$395.51$395.51$1,947.45
2nd payment$0.00$1,481.43$0.00
Taxes / mo$83.00$83.00$83.00
Insurance / mo$150.00$150.00$150.00
MI / mo$58.68$58.68$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$687.20$2,168.62$2,237.15
Cash to close$260,882$31,500$31,500