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$79,665$79,665$351,000
Remaining term (yrs)15.615.630.0
Secondary amount$0$271,335$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%7.055%7.560%
1st payment$562.40$562.40$2,411.13
2nd payment$0.00$1,752.37$0.00
Taxes / mo$196.33$196.33$196.33
Insurance / mo$150.00$150.00$150.00
MI / mo$85.08$85.08$70.20
HOA / mo$580.00$580.00$580.00
Total monthly$1,573.81$3,326.18$3,407.66
Cash to close$310,335$39,000$39,000