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$27,811$27,811$310,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$282,689$0
Funding fee$0$0$0
Note rate2.360%2.360%7.400%
Blended rate3.210%7.343%7.640%
1st payment$142.26$142.26$2,149.84
2nd payment$0.00$1,825.70$0.00
Taxes / mo$149.70$149.70$149.70
Insurance / mo$150.00$150.00$150.00
MI / mo$22.82$22.82$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$464.78$2,290.48$2,511.64
Cash to close$317,189$34,500$34,500