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$72,697$72,697$319,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$246,803$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%7.061%7.560%
1st payment$442.98$442.98$2,194.74
2nd payment$0.00$1,593.93$0.00
Taxes / mo$110.33$110.33$110.33
Insurance / mo$150.00$150.00$150.00
MI / mo$66.77$66.77$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$770.08$2,364.02$2,518.98
Cash to close$282,303$35,500$35,500