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$57,092$57,092$247,500
Remaining term (yrs)14.914.930.0
Secondary amount$0$190,408$0
Funding fee$0$0$0
Note rate4.320%4.320%7.400%
Blended rate5.170%7.347%7.640%
1st payment$429.82$429.82$1,713.64
2nd payment$0.00$1,269.38$0.00
Taxes / mo$116.67$116.67$116.67
Insurance / mo$150.00$150.00$150.00
MI / mo$61.38$61.38$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$757.87$2,027.25$2,029.81
Cash to close$217,908$27,500$27,500