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$13,791$13,791$341,999
Remaining term (yrs)26.826.830.0
Secondary amount$0$328,208$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.735%7.560%
1st payment$93.52$93.52$2,349.30
2nd payment$0.00$2,119.68$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$6.41$6.41$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$566.59$2,686.27$2,884.36
Cash to close$366,208$38,000$38,000