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$94,992$94,992$360,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$265,008$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%6.821%7.640%
1st payment$633.77$633.77$2,492.57
2nd payment$0.00$1,711.51$0.00
Taxes / mo$260.83$260.83$260.83
Insurance / mo$150.00$150.00$150.00
MI / mo$101.48$101.48$72.00
HOA / mo$42.00$42.00$42.00
Total monthly$1,188.09$2,899.60$3,017.40
Cash to close$305,008$40,000$40,000