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$30,930$30,930$359,100
Remaining term (yrs)7.57.530.0
Secondary amount$0$328,170$0
Funding fee$0$0$0
Note rate4.280%4.280%7.400%
Blended rate5.130%7.524%7.640%
1st payment$394.96$394.96$2,486.34
2nd payment$0.00$2,119.43$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$56.67$56.67$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$934.12$3,053.56$3,040.66
Cash to close$368,070$39,900$39,900