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$51,927$51,927$202,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$150,573$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%7.095%7.640%
1st payment$308.78$308.78$1,402.07
2nd payment$0.00$1,003.82$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$47.99$47.99$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$694.27$1,698.10$1,780.07
Cash to close$173,073$22,500$22,500