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$76,951$76,951$247,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$170,549$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%6.881%7.560%
1st payment$527.95$527.95$1,700.15
2nd payment$0.00$1,137.00$0.00
Taxes / mo$124.58$124.58$124.58
Insurance / mo$150.00$150.00$150.00
MI / mo$82.76$82.76$49.50
HOA / mo$4.58$4.58$4.58
Total monthly$889.88$2,026.87$2,028.82
Cash to close$198,049$27,500$27,500