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$11,000$11,000$332,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$321,100$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.734%7.640%
1st payment$75.22$75.22$2,299.39
2nd payment$0.00$2,073.77$0.00
Taxes / mo$207.92$207.92$207.92
Insurance / mo$150.00$150.00$150.00
MI / mo$5.15$5.15$66.42
HOA / mo$66.67$66.67$66.67
Total monthly$504.96$2,578.73$2,790.40
Cash to close$358,000$36,900$36,900