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$65,789$65,789$323,100
Remaining term (yrs)7.87.830.0
Secondary amount$0$257,311$0
Funding fee$0$0$0
Note rate3.360%3.360%7.400%
Blended rate4.210%7.029%7.640%
1st payment$789.67$789.67$2,237.08
2nd payment$0.00$1,661.80$0.00
Taxes / mo$277.08$277.08$277.08
Insurance / mo$150.00$150.00$150.00
MI / mo$97.65$97.65$64.62
HOA / mo$369.00$369.00$369.00
Total monthly$1,683.40$3,345.20$3,097.78
Cash to close$293,211$35,900$35,900