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$67,026$67,026$296,100
Remaining term (yrs)16.616.630.0
Secondary amount$0$229,074$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.960%7.640%
1st payment$438.17$438.17$2,050.14
2nd payment$0.00$1,479.44$0.00
Taxes / mo$180.83$180.83$180.83
Insurance / mo$150.00$150.00$150.00
MI / mo$69.90$69.90$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$838.90$2,318.34$2,440.19
Cash to close$261,974$32,900$32,900