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$12,352$12,352$345,510
Remaining term (yrs)23.123.130.0
Secondary amount$0$333,158$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%7.606%7.560%
1st payment$60.72$60.72$2,373.41
2nd payment$0.00$2,151.65$0.00
Taxes / mo$182.32$182.32$182.32
Insurance / mo$150.00$150.00$150.00
MI / mo$10.15$10.15$69.10
HOA / mo$31.25$31.25$31.25
Total monthly$434.45$2,586.10$2,806.09
Cash to close$371,548$38,390$38,390