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$70,088$70,088$269,100
Remaining term (yrs)20.120.130.0
Secondary amount$0$199,012$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%7.042%7.640%
1st payment$401.94$401.94$1,863.19
2nd payment$0.00$1,326.74$0.00
Taxes / mo$249.17$249.17$249.17
Insurance / mo$150.00$150.00$150.00
MI / mo$63.64$63.64$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$864.74$2,191.49$2,316.18
Cash to close$228,912$29,900$29,900