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$10,290$10,290$355,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$345,210$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.723%7.640%
1st payment$68.35$68.35$2,461.41
2nd payment$0.00$2,229.48$0.00
Taxes / mo$228.67$228.67$228.67
Insurance / mo$150.00$150.00$150.00
MI / mo$4.95$4.95$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$451.97$2,681.45$2,911.18
Cash to close$384,710$39,500$39,500