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$85,757$85,757$247,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$161,743$0
Funding fee$0$0$0
Note rate3.250%3.250%7.320%
Blended rate4.100%6.649%7.560%
1st payment$489.32$489.32$1,700.15
2nd payment$0.00$1,078.29$0.00
Taxes / mo$345.42$345.42$345.42
Insurance / mo$150.00$150.00$150.00
MI / mo$79.64$79.64$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,064.37$2,142.66$2,245.07
Cash to close$189,243$27,500$27,500