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$52,910$52,910$221,310
Remaining term (yrs)17.917.930.0
Secondary amount$0$168,400$0
Funding fee$0$0$0
Note rate3.990%3.990%7.320%
Blended rate4.840%7.245%7.560%
1st payment$343.75$343.75$1,520.25
2nd payment$0.00$1,122.66$0.00
Taxes / mo$61.92$61.92$61.92
Insurance / mo$150.00$150.00$150.00
MI / mo$51.06$51.06$44.26
HOA / mo$0.00$0.00$0.00
Total monthly$606.73$1,729.39$1,776.42
Cash to close$192,990$24,590$24,590