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$64,931$64,931$332,910
Remaining term (yrs)17.917.930.0
Secondary amount$0$267,979$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%7.218%7.560%
1st payment$427.90$427.90$2,286.86
2nd payment$0.00$1,730.70$0.00
Taxes / mo$234.92$234.92$234.92
Insurance / mo$150.00$150.00$150.00
MI / mo$62.20$62.20$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$875.02$2,605.72$2,738.36
Cash to close$304,969$36,990$36,990