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$23,629$23,629$351,000
Remaining term (yrs)3.03.030.0
Secondary amount$0$327,371$0
Funding fee$0$0$0
Note rate7.850%7.850%7.400%
Blended rate8.700%7.814%7.640%
1st payment$704.31$704.31$2,430.25
2nd payment$0.00$2,114.27$0.00
Taxes / mo$234.67$234.67$234.67
Insurance / mo$150.00$150.00$150.00
MI / mo$68.97$68.97$70.20
HOA / mo$308.00$308.00$308.00
Total monthly$1,465.95$3,580.22$3,193.12
Cash to close$366,371$39,000$39,000