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$8,741$8,741$386,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$377,359$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.744%7.560%
1st payment$61.52$61.52$2,652.24
2nd payment$0.00$2,437.11$0.00
Taxes / mo$357.50$357.50$357.50
Insurance / mo$150.00$150.00$150.00
MI / mo$4.12$4.12$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$573.15$3,010.26$3,236.96
Cash to close$420,259$42,900$42,900