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$30,397$30,397$391,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$361,103$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%7.455%7.560%
1st payment$152.28$152.28$2,689.33
2nd payment$0.00$2,332.12$0.00
Taxes / mo$125.08$125.08$125.08
Insurance / mo$150.00$150.00$150.00
MI / mo$24.21$24.21$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$451.57$2,783.69$3,042.72
Cash to close$404,603$43,500$43,500