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$13,320$13,320$310,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$297,180$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%7.587%7.640%
1st payment$63.37$63.37$2,149.84
2nd payment$0.00$1,919.29$0.00
Taxes / mo$144.00$144.00$144.00
Insurance / mo$150.00$150.00$150.00
MI / mo$10.50$10.50$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$367.87$2,287.16$2,505.94
Cash to close$331,680$34,500$34,500