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$44,206$44,206$324,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$279,794$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.286%7.640%
1st payment$297.56$297.56$2,243.31
2nd payment$0.00$1,807.00$0.00
Taxes / mo$135.06$135.06$135.06
Insurance / mo$150.00$150.00$150.00
MI / mo$46.94$46.94$64.80
HOA / mo$18.75$18.75$18.75
Total monthly$648.31$2,455.31$2,611.92
Cash to close$315,794$36,000$36,000