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$50,759$50,759$189,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$138,241$0
Funding fee$0$0$0
Note rate3.660%3.660%7.320%
Blended rate4.510%7.063%7.560%
1st payment$269.84$269.84$1,298.30
2nd payment$0.00$921.61$0.00
Taxes / mo$32.25$32.25$32.25
Insurance / mo$150.00$150.00$150.00
MI / mo$41.73$41.73$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$493.82$1,415.42$1,518.35
Cash to close$159,241$21,000$21,000