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$54,842$54,842$242,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$188,068$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%7.408%7.560%
1st payment$328.53$328.53$1,668.62
2nd payment$0.00$1,253.79$0.00
Taxes / mo$47.83$47.83$47.83
Insurance / mo$150.00$150.00$150.00
MI / mo$45.77$45.77$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$572.13$1,825.91$1,915.04
Cash to close$215,058$26,990$26,990