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$11,914$11,914$359,999
Remaining term (yrs)20.920.930.0
Secondary amount$0$348,086$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.734%7.560%
1st payment$88.26$88.26$2,472.94
2nd payment$0.00$2,248.05$0.00
Taxes / mo$176.82$176.82$176.82
Insurance / mo$150.00$150.00$150.00
MI / mo$5.67$5.67$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$420.75$2,668.80$2,871.76
Cash to close$388,085$40,000$40,000