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$45,571$45,571$323,910
Remaining term (yrs)5.75.730.0
Secondary amount$0$278,339$0
Funding fee$0$0$0
Note rate3.270%3.270%7.400%
Blended rate4.120%7.239%7.640%
1st payment$715.95$715.95$2,242.69
2nd payment$0.00$1,797.61$0.00
Taxes / mo$147.00$147.00$147.00
Insurance / mo$150.00$150.00$150.00
MI / mo$72.07$72.07$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,085.03$2,882.64$2,604.47
Cash to close$314,329$35,990$35,990