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$50,158$50,158$238,410
Remaining term (yrs)20.320.330.0
Secondary amount$0$188,252$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%7.363%7.640%
1st payment$303.09$303.09$1,650.70
2nd payment$0.00$1,255.01$0.00
Taxes / mo$59.92$59.92$59.92
Insurance / mo$150.00$150.00$150.00
MI / mo$44.32$44.32$47.68
HOA / mo$0.00$0.00$0.00
Total monthly$557.33$1,812.35$1,908.30
Cash to close$214,742$26,490$26,490