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$37,540$37,540$283,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$245,960$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%7.382%7.640%
1st payment$246.42$246.42$1,962.90
2nd payment$0.00$1,588.49$0.00
Taxes / mo$128.67$128.67$128.67
Insurance / mo$150.00$150.00$150.00
MI / mo$36.04$36.04$56.70
HOA / mo$58.33$58.33$58.33
Total monthly$619.45$2,207.94$2,356.59
Cash to close$277,460$31,500$31,500