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$23,706$23,706$382,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$358,794$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%7.496%7.560%
1st payment$118.13$118.13$2,627.51
2nd payment$0.00$2,317.21$0.00
Taxes / mo$407.33$407.33$407.33
Insurance / mo$150.00$150.00$150.00
MI / mo$19.47$19.47$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$694.93$3,012.14$3,261.34
Cash to close$401,294$42,500$42,500