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$37,589$37,589$328,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$290,911$0
Funding fee$0$0$0
Note rate4.130%4.130%7.320%
Blended rate4.980%7.433%7.560%
1st payment$227.34$227.34$2,256.57
2nd payment$0.00$1,878.80$0.00
Taxes / mo$180.83$180.83$180.83
Insurance / mo$150.00$150.00$150.00
MI / mo$33.21$33.21$65.70
HOA / mo$103.00$103.00$103.00
Total monthly$694.39$2,573.18$2,756.10
Cash to close$327,411$36,500$36,500