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$46,924$46,924$215,910
Remaining term (yrs)15.815.830.0
Secondary amount$0$168,986$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%7.242%7.640%
1st payment$324.51$324.51$1,494.92
2nd payment$0.00$1,126.57$0.00
Taxes / mo$49.50$49.50$49.50
Insurance / mo$150.00$150.00$150.00
MI / mo$50.19$50.19$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$574.20$1,700.77$1,737.60
Cash to close$192,976$23,990$23,990