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$68,223$68,223$261,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$192,777$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%7.033%7.560%
1st payment$393.92$393.92$1,792.89
2nd payment$0.00$1,285.18$0.00
Taxes / mo$45.58$45.58$45.58
Insurance / mo$150.00$150.00$150.00
MI / mo$62.53$62.53$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$652.03$1,937.20$2,040.67
Cash to close$221,777$29,000$29,000