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$67,015$67,015$306,000
Remaining term (yrs)5.35.330.0
Secondary amount$0$238,985$0
Funding fee$0$0$0
Note rate3.430%3.430%7.400%
Blended rate4.280%6.990%7.640%
1st payment$1,131.21$1,131.21$2,118.68
2nd payment$0.00$1,543.45$0.00
Taxes / mo$333.00$333.00$333.00
Insurance / mo$150.00$150.00$150.00
MI / mo$112.63$112.63$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,726.83$3,270.28$2,662.88
Cash to close$272,985$34,000$34,000