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$7,072$7,072$295,110
Remaining term (yrs)22.922.930.0
Secondary amount$0$288,038$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%7.660%7.560%
1st payment$35.97$35.97$2,027.20
2nd payment$0.00$1,860.25$0.00
Taxes / mo$443.88$443.88$443.88
Insurance / mo$150.00$150.00$150.00
MI / mo$5.82$5.82$59.02
HOA / mo$186.00$186.00$186.00
Total monthly$821.67$2,681.92$2,866.10
Cash to close$320,828$32,790$32,790