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$20,297$20,297$346,500
Remaining term (yrs)14.914.930.0
Secondary amount$0$326,203$0
Funding fee$0$0$0
Note rate4.320%4.320%7.400%
Blended rate5.170%7.599%7.640%
1st payment$152.81$152.81$2,399.10
2nd payment$0.00$2,106.73$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$21.82$21.82$69.30
HOA / mo$40.00$40.00$40.00
Total monthly$685.46$2,792.19$2,979.23
Cash to close$364,703$38,500$38,500