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$10,272$10,272$323,910
Remaining term (yrs)23.123.130.0
Secondary amount$0$313,638$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%7.623%7.640%
1st payment$50.66$50.66$2,242.69
2nd payment$0.00$2,025.58$0.00
Taxes / mo$336.83$336.83$336.83
Insurance / mo$150.00$150.00$150.00
MI / mo$8.44$8.44$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$545.93$2,571.51$2,794.30
Cash to close$349,628$35,990$35,990