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$82,658$82,658$283,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$200,842$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.759%7.640%
1st payment$485.00$485.00$1,962.90
2nd payment$0.00$1,297.11$0.00
Taxes / mo$77.42$77.42$77.42
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$788.92$2,086.03$2,247.01
Cash to close$232,342$31,500$31,500