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$19,278$19,278$331,200
Remaining term (yrs)1.51.530.0
Secondary amount$0$311,922$0
Funding fee$0$0$0
Note rate2.760%2.760%7.320%
Blended rate3.610%7.509%7.560%
1st payment$987.34$987.34$2,275.11
2nd payment$0.00$2,014.50$0.00
Taxes / mo$307.17$307.17$307.17
Insurance / mo$150.00$150.00$150.00
MI / mo$102.98$102.98$66.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,547.49$3,561.99$2,798.52
Cash to close$348,722$36,800$36,800