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$57,820$57,820$265,500
Remaining term (yrs)15.615.630.0
Secondary amount$0$207,680$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%7.064%7.640%
1st payment$405.58$405.58$1,838.27
2nd payment$0.00$1,341.26$0.00
Taxes / mo$257.17$257.17$257.17
Insurance / mo$150.00$150.00$150.00
MI / mo$62.03$62.03$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$874.78$2,216.04$2,298.54
Cash to close$237,180$29,500$29,500