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$55,987$55,987$247,230
Remaining term (yrs)19.519.530.0
Secondary amount$0$191,243$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%7.216%7.640%
1st payment$333.98$333.98$1,711.77
2nd payment$0.00$1,274.96$0.00
Taxes / mo$79.58$79.58$79.58
Insurance / mo$150.00$150.00$150.00
MI / mo$51.46$51.46$49.45
HOA / mo$0.00$0.00$0.00
Total monthly$615.02$1,889.98$1,990.80
Cash to close$218,713$27,470$27,470