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$82,353$82,353$324,000
Remaining term (yrs)16.916.930.0
Secondary amount$0$241,647$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.886%7.640%
1st payment$536.20$536.20$2,243.31
2nd payment$0.00$1,560.64$0.00
Taxes / mo$258.92$258.92$258.92
Insurance / mo$150.00$150.00$150.00
MI / mo$84.58$84.58$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,029.70$2,590.34$2,717.03
Cash to close$277,647$36,000$36,000