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$5,579$5,579$314,910
Remaining term (yrs)0.40.430.0
Secondary amount$0$309,331$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%7.684%7.640%
1st payment$805.55$805.55$2,180.37
2nd payment$0.00$1,997.76$0.00
Taxes / mo$56.25$56.25$56.25
Insurance / mo$150.00$150.00$150.00
MI / mo$81.49$81.49$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,093.29$3,091.05$2,449.61
Cash to close$344,321$34,990$34,990