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$17,976$17,976$335,160
Remaining term (yrs)22.722.730.0
Secondary amount$0$317,184$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%7.584%7.640%
1st payment$98.23$98.23$2,320.58
2nd payment$0.00$2,048.48$0.00
Taxes / mo$162.92$162.92$162.92
Insurance / mo$150.00$150.00$150.00
MI / mo$14.93$14.93$67.03
HOA / mo$11.58$11.58$11.58
Total monthly$437.66$2,486.14$2,712.11
Cash to close$354,424$37,240$37,240