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$47,325$47,325$337,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$290,175$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%7.371%7.640%
1st payment$269.44$269.44$2,336.78
2nd payment$0.00$1,874.05$0.00
Taxes / mo$320.17$320.17$320.17
Insurance / mo$150.00$150.00$150.00
MI / mo$39.03$39.03$67.50
HOA / mo$3.42$3.42$3.42
Total monthly$782.06$2,656.11$2,877.87
Cash to close$327,675$37,500$37,500