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$36,365$36,365$337,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$301,135$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%7.426%7.640%
1st payment$230.01$230.01$2,336.78
2nd payment$0.00$1,944.83$0.00
Taxes / mo$180.00$180.00$180.00
Insurance / mo$150.00$150.00$150.00
MI / mo$34.58$34.58$67.50
HOA / mo$55.00$55.00$55.00
Total monthly$649.60$2,594.43$2,789.29
Cash to close$338,635$37,500$37,500