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$42,891$42,891$283,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$240,609$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%7.243%7.560%
1st payment$212.82$212.82$1,947.45
2nd payment$0.00$1,553.93$0.00
Taxes / mo$197.33$197.33$197.33
Insurance / mo$150.00$150.00$150.00
MI / mo$33.36$33.36$56.70
HOA / mo$578.00$578.00$578.00
Total monthly$1,171.52$2,725.45$2,929.48
Cash to close$272,109$31,500$31,500