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$62,634$62,634$310,500
Remaining term (yrs)6.26.230.0
Secondary amount$0$247,866$0
Funding fee$0$0$0
Note rate3.290%3.290%7.320%
Blended rate4.140%7.022%7.560%
1st payment$914.10$914.10$2,132.92
2nd payment$0.00$1,600.80$0.00
Taxes / mo$214.75$214.75$214.75
Insurance / mo$150.00$150.00$150.00
MI / mo$91.89$91.89$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,370.75$2,971.54$2,559.77
Cash to close$282,366$34,500$34,500