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$36,667$36,667$333,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$296,333$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%7.319%7.640%
1st payment$174.47$174.47$2,305.62
2nd payment$0.00$1,913.82$0.00
Taxes / mo$207.33$207.33$207.33
Insurance / mo$150.00$150.00$150.00
MI / mo$28.74$28.74$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$560.54$2,474.36$2,729.56
Cash to close$333,333$37,000$37,000