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$83,639$83,639$315,000
Remaining term (yrs)18.318.330.0
Secondary amount$0$231,361$0
Funding fee$0$0$0
Note rate3.830%3.830%7.400%
Blended rate4.680%6.935%7.640%
1st payment$528.08$528.08$2,181.00
2nd payment$0.00$1,494.20$0.00
Taxes / mo$181.00$181.00$181.00
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$939.06$2,433.26$2,575.00
Cash to close$266,361$35,000$35,000