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$73,997$73,997$292,500
Remaining term (yrs)15.715.730.0
Secondary amount$0$218,503$0
Funding fee$0$0$0
Note rate3.530%3.530%7.320%
Blended rate4.380%6.897%7.560%
1st payment$508.94$508.94$2,009.27
2nd payment$0.00$1,411.16$0.00
Taxes / mo$117.50$117.50$117.50
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$856.42$2,267.59$2,335.27
Cash to close$251,003$32,500$32,500