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$65,540$65,540$346,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$280,960$0
Funding fee$0$0$0
Note rate3.770%3.770%7.320%
Blended rate4.620%7.158%7.560%
1st payment$384.98$384.98$2,380.21
2nd payment$0.00$1,814.54$0.00
Taxes / mo$145.92$145.92$145.92
Insurance / mo$150.00$150.00$150.00
MI / mo$58.74$58.74$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$739.64$2,554.18$2,745.43
Cash to close$319,460$38,500$38,500