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$8,661$8,661$296,100
Remaining term (yrs)22.222.230.0
Secondary amount$0$287,439$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%7.631%7.640%
1st payment$43.68$43.68$2,050.14
2nd payment$0.00$1,856.38$0.00
Taxes / mo$625.33$625.33$625.33
Insurance / mo$150.00$150.00$150.00
MI / mo$7.16$7.16$59.22
HOA / mo$17.08$17.08$17.08
Total monthly$843.26$2,699.63$2,901.77
Cash to close$320,339$32,900$32,900