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$56,828$56,828$328,500
Remaining term (yrs)8.98.930.0
Secondary amount$0$271,672$0
Funding fee$0$0$0
Note rate2.200%2.200%7.400%
Blended rate3.050%6.937%7.640%
1st payment$580.47$580.47$2,274.47
2nd payment$0.00$1,754.55$0.00
Taxes / mo$192.83$192.83$192.83
Insurance / mo$150.00$150.00$150.00
MI / mo$59.41$59.41$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$982.71$2,737.26$2,683.00
Cash to close$308,172$36,500$36,500