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$30,029$30,029$333,000
Remaining term (yrs)17.817.830.0
Secondary amount$0$302,971$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%7.499%7.560%
1st payment$197.73$197.73$2,287.48
2nd payment$0.00$1,956.69$0.00
Taxes / mo$157.17$157.17$157.17
Insurance / mo$150.00$150.00$150.00
MI / mo$28.92$28.92$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$533.82$2,490.51$2,661.25
Cash to close$339,971$37,000$37,000