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$44,111$44,111$269,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$224,989$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%7.127%7.560%
1st payment$209.64$209.64$1,848.53
2nd payment$0.00$1,453.05$0.00
Taxes / mo$70.75$70.75$70.75
Insurance / mo$150.00$150.00$150.00
MI / mo$34.77$34.77$53.82
HOA / mo$275.00$275.00$275.00
Total monthly$740.16$2,193.22$2,398.10
Cash to close$254,889$29,900$29,900