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$74,512$74,512$247,499
Remaining term (yrs)19.519.530.0
Secondary amount$0$172,987$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.976%7.560%
1st payment$446.81$446.81$1,700.15
2nd payment$0.00$1,153.24$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$69.55$69.55$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$895.53$2,048.77$2,128.81
Cash to close$200,487$27,500$27,500