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$3,884$3,884$243,000
Remaining term (yrs)0.40.430.0
Secondary amount$0$239,116$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%7.690%7.640%
1st payment$560.70$560.70$1,682.48
2nd payment$0.00$1,544.29$0.00
Taxes / mo$74.75$74.75$74.75
Insurance / mo$150.00$150.00$150.00
MI / mo$56.88$56.88$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$842.33$2,386.62$1,955.83
Cash to close$266,116$27,000$27,000