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$40,644$40,644$256,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$215,856$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%7.317%7.560%
1st payment$245.42$245.42$1,761.98
2nd payment$0.00$1,394.07$0.00
Taxes / mo$42.17$42.17$42.17
Insurance / mo$150.00$150.00$150.00
MI / mo$35.68$35.68$51.30
HOA / mo$86.00$86.00$86.00
Total monthly$559.26$1,953.33$2,091.44
Cash to close$244,356$28,500$28,500