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$6,509$6,509$342,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$335,491$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%7.672%7.560%
1st payment$35.23$35.23$2,349.30
2nd payment$0.00$2,166.71$0.00
Taxes / mo$417.08$417.08$417.08
Insurance / mo$150.00$150.00$150.00
MI / mo$5.53$5.53$68.40
HOA / mo$17.00$17.00$17.00
Total monthly$624.84$2,791.55$3,001.79
Cash to close$373,491$38,000$38,000