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$24,188$24,188$360,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$335,812$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%7.493%7.640%
1st payment$113.35$113.35$2,492.57
2nd payment$0.00$2,168.79$0.00
Taxes / mo$463.17$463.17$463.17
Insurance / mo$150.00$150.00$150.00
MI / mo$18.87$18.87$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$745.39$2,914.18$3,177.73
Cash to close$375,812$40,000$40,000