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$73,563$73,563$292,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$218,937$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%6.933%7.560%
1st payment$451.97$451.97$2,009.27
2nd payment$0.00$1,413.97$0.00
Taxes / mo$64.00$64.00$64.00
Insurance / mo$150.00$150.00$150.00
MI / mo$69.98$69.98$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$735.95$2,149.91$2,281.77
Cash to close$251,437$32,500$32,500