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$16,379$16,379$315,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$298,621$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%7.548%7.560%
1st payment$77.24$77.24$2,163.83
2nd payment$0.00$1,928.59$0.00
Taxes / mo$163.00$163.00$163.00
Insurance / mo$150.00$150.00$150.00
MI / mo$12.96$12.96$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$403.20$2,331.79$2,539.83
Cash to close$333,621$35,000$35,000