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$39,684$39,684$283,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$243,816$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%7.331%7.560%
1st payment$229.95$229.95$1,947.45
2nd payment$0.00$1,574.64$0.00
Taxes / mo$510.50$510.50$510.50
Insurance / mo$150.00$150.00$150.00
MI / mo$34.49$34.49$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$924.94$2,499.58$2,664.65
Cash to close$275,316$31,500$31,500