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$47,138$47,138$314,910
Remaining term (yrs)16.316.330.0
Secondary amount$0$267,772$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%7.217%7.640%
1st payment$311.17$311.17$2,180.37
2nd payment$0.00$1,729.36$0.00
Taxes / mo$291.58$291.58$291.58
Insurance / mo$150.00$150.00$150.00
MI / mo$50.08$50.08$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$802.83$2,532.19$2,684.94
Cash to close$302,762$34,990$34,990