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$77,621$77,621$315,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$237,379$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.964%7.560%
1st payment$538.73$538.73$2,163.83
2nd payment$0.00$1,533.07$0.00
Taxes / mo$233.00$233.00$233.00
Insurance / mo$150.00$150.00$150.00
MI / mo$82.80$82.80$63.00
HOA / mo$320.00$320.00$320.00
Total monthly$1,324.54$2,857.61$2,929.83
Cash to close$272,379$35,000$35,000