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$60,185$60,185$269,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$209,725$0
Funding fee$0$0$0
Note rate3.630%3.630%7.400%
Blended rate4.480%7.021%7.640%
1st payment$372.64$372.64$1,868.80
2nd payment$0.00$1,354.47$0.00
Taxes / mo$249.92$249.92$249.92
Insurance / mo$150.00$150.00$150.00
MI / mo$57.84$57.84$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$830.40$2,184.87$2,322.70
Cash to close$239,715$29,990$29,990