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$6,941$6,941$333,000
Remaining term (yrs)4.14.130.0
Secondary amount$0$326,059$0
Funding fee$0$0$0
Note rate2.350%2.350%7.400%
Blended rate3.200%7.655%7.640%
1st payment$143.14$143.14$2,305.62
2nd payment$0.00$2,105.80$0.00
Taxes / mo$329.67$329.67$329.67
Insurance / mo$150.00$150.00$150.00
MI / mo$10.83$10.83$66.60
HOA / mo$22.92$22.92$22.92
Total monthly$656.57$2,762.36$2,874.81
Cash to close$363,059$37,000$37,000