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$34,165$34,165$337,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$303,335$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.641%7.640%
1st payment$228.01$228.01$2,336.78
2nd payment$0.00$1,959.04$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$16.55$16.55$67.50
HOA / mo$275.00$275.00$275.00
Total monthly$982.06$2,941.10$3,141.78
Cash to close$340,835$37,500$37,500