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$16,416$16,416$247,436
Remaining term (yrs)14.414.430.0
Secondary amount$0$231,020$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.100%7.508%7.640%
1st payment$120.31$120.31$1,713.20
2nd payment$0.00$1,492.00$0.00
Taxes / mo$87.92$87.92$87.92
Insurance / mo$150.00$150.00$150.00
MI / mo$8.07$8.07$49.49
HOA / mo$0.00$0.00$0.00
Total monthly$366.30$1,858.30$2,000.60
Cash to close$258,513$27,493$27,493