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$43,980$43,980$386,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$342,120$0
Funding fee$0$0$0
Note rate2.500%2.500%7.400%
Blended rate3.050%7.215%7.640%
1st payment$177.80$177.80$2,673.28
2nd payment$0.00$2,209.53$0.00
Taxes / mo$145.50$145.50$145.50
Insurance / mo$150.00$150.00$150.00
MI / mo$20.63$20.63$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$493.93$2,703.46$3,046.00
Cash to close$385,020$42,900$42,900