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$57,977$57,977$337,500
Remaining term (yrs)16.716.730.0
Secondary amount$0$279,523$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%7.217%7.560%
1st payment$388.97$388.97$2,318.39
2nd payment$0.00$1,805.25$0.00
Taxes / mo$118.50$118.50$118.50
Insurance / mo$150.00$150.00$150.00
MI / mo$56.93$56.93$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$714.41$2,519.66$2,654.39
Cash to close$317,023$37,500$37,500