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$70,086$70,086$315,000
Remaining term (yrs)16.716.730.0
Secondary amount$0$244,914$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.982%7.640%
1st payment$457.89$457.89$2,181.00
2nd payment$0.00$1,581.74$0.00
Taxes / mo$177.25$177.25$177.25
Insurance / mo$150.00$150.00$150.00
MI / mo$72.68$72.68$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$857.82$2,439.56$2,571.25
Cash to close$279,914$35,000$35,000