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$70,711$70,711$225,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$154,289$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%6.696%7.640%
1st payment$341.50$341.50$1,557.85
2nd payment$0.00$1,028.59$0.00
Taxes / mo$104.83$104.83$104.83
Insurance / mo$150.00$150.00$150.00
MI / mo$57.38$57.38$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$653.71$1,682.30$1,857.69
Cash to close$179,289$25,000$25,000