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$32,913$32,913$324,000
Remaining term (yrs)3.33.330.0
Secondary amount$0$291,087$0
Funding fee$0$0$0
Note rate8.060%8.060%7.320%
Blended rate8.910%7.868%7.560%
1st payment$921.02$921.02$2,225.66
2nd payment$0.00$1,879.94$0.00
Taxes / mo$209.83$209.83$209.83
Insurance / mo$150.00$150.00$150.00
MI / mo$88.41$88.41$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,369.26$3,249.20$2,650.29
Cash to close$327,087$36,000$36,000