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$21,660$21,660$382,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$360,840$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%7.525%7.640%
1st payment$107.96$107.96$2,648.35
2nd payment$0.00$2,330.43$0.00
Taxes / mo$454.10$454.10$454.10
Insurance / mo$150.00$150.00$150.00
MI / mo$17.52$17.52$76.50
HOA / mo$8.33$8.33$8.33
Total monthly$737.90$3,068.33$3,337.28
Cash to close$403,340$42,500$42,500