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$77,873$77,873$270,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$192,127$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%7.045%7.640%
1st payment$547.64$547.64$1,869.43
2nd payment$0.00$1,280.84$0.00
Taxes / mo$321.33$321.33$321.33
Insurance / mo$150.00$150.00$150.00
MI / mo$82.85$82.85$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,101.82$2,382.66$2,394.76
Cash to close$222,127$30,000$30,000