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$39,428$39,428$237,600
Remaining term (yrs)14.914.930.0
Secondary amount$0$198,172$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%7.569%7.640%
1st payment$302.63$302.63$1,645.09
2nd payment$0.00$1,321.15$0.00
Taxes / mo$109.58$109.58$109.58
Insurance / mo$150.00$150.00$150.00
MI / mo$42.06$42.06$47.52
HOA / mo$0.00$0.00$0.00
Total monthly$604.27$1,925.42$1,952.20
Cash to close$224,572$26,400$26,400