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$33,170$33,170$314,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$280,930$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.396%7.640%
1st payment$164.59$164.59$2,174.76
2nd payment$0.00$1,814.34$0.00
Taxes / mo$94.47$94.47$94.47
Insurance / mo$150.00$150.00$150.00
MI / mo$25.80$25.80$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$434.86$2,249.19$2,482.05
Cash to close$315,830$34,900$34,900