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$51,718$51,718$215,100
Remaining term (yrs)18.718.730.0
Secondary amount$0$163,382$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%7.204%7.560%
1st payment$321.83$321.83$1,477.59
2nd payment$0.00$1,089.21$0.00
Taxes / mo$98.08$98.08$98.08
Insurance / mo$150.00$150.00$150.00
MI / mo$48.69$48.69$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$618.60$1,707.81$1,768.69
Cash to close$187,282$23,900$23,900