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$66,351$66,351$274,499
Remaining term (yrs)15.915.930.0
Secondary amount$0$208,148$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.957%7.640%
1st payment$455.77$455.77$1,900.58
2nd payment$0.00$1,344.29$0.00
Taxes / mo$151.25$151.25$151.25
Insurance / mo$150.00$150.00$150.00
MI / mo$70.83$70.83$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$827.85$2,172.14$2,256.73
Cash to close$238,648$30,500$30,500