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$65,116$65,116$292,500
Remaining term (yrs)16.716.730.0
Secondary amount$0$227,384$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%7.084%7.560%
1st payment$440.50$440.50$2,009.27
2nd payment$0.00$1,468.52$0.00
Taxes / mo$190.33$190.33$190.33
Insurance / mo$150.00$150.00$150.00
MI / mo$66.07$66.07$58.50
HOA / mo$237.33$237.33$237.33
Total monthly$1,084.24$2,552.76$2,645.44
Cash to close$259,884$32,500$32,500