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$72,201$72,201$252,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$179,799$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%7.003%7.640%
1st payment$501.61$501.61$1,744.80
2nd payment$0.00$1,198.66$0.00
Taxes / mo$34.25$34.25$34.25
Insurance / mo$150.00$150.00$150.00
MI / mo$77.48$77.48$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$763.34$1,962.00$1,979.45
Cash to close$207,799$28,000$28,000