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$16,710$16,710$288,000
Remaining term (yrs)1.31.330.0
Secondary amount$0$271,290$0
Funding fee$0$0$0
Note rate3.380%3.380%7.320%
Blended rate4.230%7.546%7.560%
1st payment$1,008.03$1,008.03$1,978.36
2nd payment$0.00$1,752.08$0.00
Taxes / mo$511.00$511.00$511.00
Insurance / mo$150.00$150.00$150.00
MI / mo$100.71$100.71$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,769.73$3,521.82$2,696.96
Cash to close$303,290$32,000$32,000