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$17,541$17,541$310,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$292,959$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%7.531%7.560%
1st payment$91.02$91.02$2,132.92
2nd payment$0.00$1,892.03$0.00
Taxes / mo$282.92$282.92$282.92
Insurance / mo$150.00$150.00$150.00
MI / mo$14.27$14.27$62.10
HOA / mo$73.33$73.33$73.33
Total monthly$611.54$2,503.57$2,701.27
Cash to close$327,459$34,500$34,500