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$5,410$5,410$332,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$327,589$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.696%7.640%
1st payment$27.58$27.58$2,305.62
2nd payment$0.00$2,115.68$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$4.24$4.24$66.60
HOA / mo$78.00$78.00$78.00
Total monthly$568.15$2,683.83$2,908.55
Cash to close$364,589$37,000$37,000