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$57,555$57,555$235,800
Remaining term (yrs)27.827.830.0
Secondary amount$0$178,245$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.050%7.036%7.640%
1st payment$269.43$269.43$1,632.63
2nd payment$0.00$1,188.30$0.00
Taxes / mo$85.08$85.08$85.08
Insurance / mo$150.00$150.00$150.00
MI / mo$27.50$27.50$47.16
HOA / mo$143.00$143.00$143.00
Total monthly$675.01$1,863.31$2,057.87
Cash to close$204,445$26,200$26,200