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$6,902$6,902$333,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$326,098$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%7.662%7.560%
1st payment$32.94$32.94$2,287.48
2nd payment$0.00$2,106.05$0.00
Taxes / mo$324.58$324.58$324.58
Insurance / mo$150.00$150.00$150.00
MI / mo$5.66$5.66$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$513.18$2,619.23$2,828.66
Cash to close$363,098$37,000$37,000