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$30,346$30,346$310,500
Remaining term (yrs)15.215.230.0
Secondary amount$0$280,154$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%7.466%7.640%
1st payment$220.75$220.75$2,149.84
2nd payment$0.00$1,809.33$0.00
Taxes / mo$58.17$58.17$58.17
Insurance / mo$150.00$150.00$150.00
MI / mo$32.79$32.79$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$461.71$2,271.04$2,420.11
Cash to close$314,654$34,500$34,500