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$35,173$35,173$242,955
Remaining term (yrs)25.425.430.0
Secondary amount$0$207,782$0
Funding fee$0$0$0
Note rate3.560%3.560%7.320%
Blended rate4.410%7.266%7.560%
1st payment$174.71$174.71$1,668.93
2nd payment$0.00$1,341.93$0.00
Taxes / mo$423.75$423.75$423.75
Insurance / mo$150.00$150.00$150.00
MI / mo$27.36$27.36$48.59
HOA / mo$0.00$0.00$0.00
Total monthly$775.82$2,117.75$2,291.27
Cash to close$234,777$26,995$26,995