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$74,840$74,840$256,050
Remaining term (yrs)15.715.730.0
Secondary amount$0$181,210$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%7.006%7.640%
1st payment$522.94$522.94$1,772.84
2nd payment$0.00$1,208.06$0.00
Taxes / mo$224.00$224.00$224.00
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$51.21
HOA / mo$0.00$0.00$0.00
Total monthly$976.92$2,184.98$2,198.05
Cash to close$209,660$28,450$28,450