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$65,333$65,333$315,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$249,667$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%7.066%7.560%
1st payment$446.41$446.41$2,163.83
2nd payment$0.00$1,612.44$0.00
Taxes / mo$86.67$86.67$86.67
Insurance / mo$150.00$150.00$150.00
MI / mo$69.55$69.55$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$752.62$2,365.06$2,463.50
Cash to close$284,667$35,000$35,000