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$72,395$72,395$289,800
Remaining term (yrs)16.216.230.0
Secondary amount$0$217,405$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%6.861%7.640%
1st payment$479.73$479.73$2,006.52
2nd payment$0.00$1,404.08$0.00
Taxes / mo$239.92$239.92$239.92
Insurance / mo$150.00$150.00$150.00
MI / mo$77.20$77.20$57.96
HOA / mo$2.50$2.50$2.50
Total monthly$949.34$2,353.42$2,456.89
Cash to close$249,605$32,200$32,200