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$65,910$65,910$342,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$276,090$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%7.180%7.560%
1st payment$393.04$393.04$2,349.30
2nd payment$0.00$1,783.08$0.00
Taxes / mo$145.92$145.92$145.92
Insurance / mo$150.00$150.00$150.00
MI / mo$58.74$58.74$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$747.69$2,530.78$2,713.62
Cash to close$314,090$38,000$38,000