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$56,990$56,990$373,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$316,510$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.718%7.560%
1st payment$388.06$388.06$2,565.69
2nd payment$0.00$2,044.13$0.00
Taxes / mo$152.58$152.58$152.58
Insurance / mo$150.00$150.00$150.00
MI / mo$26.76$26.76$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$717.41$2,761.53$2,942.97
Cash to close$358,010$41,500$41,500