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$15,904$15,904$346,500
Remaining term (yrs)21.421.430.0
Secondary amount$0$330,596$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%7.571%7.560%
1st payment$83.49$83.49$2,380.21
2nd payment$0.00$2,135.10$0.00
Taxes / mo$295.17$295.17$295.17
Insurance / mo$150.00$150.00$150.00
MI / mo$13.12$13.12$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$541.78$2,676.88$2,894.68
Cash to close$369,096$38,500$38,500