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$43,396$43,396$215,910
Remaining term (yrs)15.615.630.0
Secondary amount$0$172,514$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%7.343%7.640%
1st payment$307.23$307.23$1,494.92
2nd payment$0.00$1,150.09$0.00
Taxes / mo$285.58$285.58$285.58
Insurance / mo$150.00$150.00$150.00
MI / mo$46.25$46.25$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$789.06$1,939.15$1,973.68
Cash to close$196,504$23,990$23,990