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$19,790$19,790$364,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$344,710$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.741%7.640%
1st payment$137.51$137.51$2,523.72
2nd payment$0.00$2,226.25$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$9.24$9.24$72.90
HOA / mo$380.00$380.00$380.00
Total monthly$1,014.24$3,240.49$3,464.12
Cash to close$385,210$40,500$40,500