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$55,394$55,394$325,800
Remaining term (yrs)16.116.130.0
Secondary amount$0$270,406$0
Funding fee$0$0$0
Note rate3.400%3.400%7.320%
Blended rate4.250%7.155%7.560%
1st payment$370.13$370.13$2,238.02
2nd payment$0.00$1,746.37$0.00
Taxes / mo$132.50$132.50$132.50
Insurance / mo$150.00$150.00$150.00
MI / mo$59.12$59.12$65.16
HOA / mo$0.00$0.00$0.00
Total monthly$711.75$2,458.12$2,585.68
Cash to close$306,606$36,200$36,200