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$23,516$23,516$333,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$309,484$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.698%7.640%
1st payment$155.39$155.39$2,305.62
2nd payment$0.00$1,998.75$0.00
Taxes / mo$432.52$432.52$432.52
Insurance / mo$150.00$150.00$150.00
MI / mo$11.05$11.05$66.60
HOA / mo$160.00$160.00$160.00
Total monthly$908.96$2,907.70$3,114.74
Cash to close$346,484$37,000$37,000