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$71,871$71,871$270,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$198,129$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%7.156%7.640%
1st payment$514.40$514.40$1,869.43
2nd payment$0.00$1,320.86$0.00
Taxes / mo$211.67$211.67$211.67
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$54.00
HOA / mo$21.67$21.67$21.67
Total monthly$974.24$2,295.10$2,306.76
Cash to close$228,129$30,000$30,000