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$72,460$72,460$278,100
Remaining term (yrs)13.413.430.0
Secondary amount$0$205,640$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.942%7.640%
1st payment$569.78$569.78$1,925.51
2nd payment$0.00$1,328.09$0.00
Taxes / mo$96.00$96.00$96.00
Insurance / mo$150.00$150.00$150.00
MI / mo$78.09$78.09$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$893.87$2,221.96$2,227.13
Cash to close$236,540$30,900$30,900