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$24,287$24,287$346,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$322,213$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.723%7.640%
1st payment$171.66$171.66$2,399.10
2nd payment$0.00$2,080.96$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$11.33$11.33$69.30
HOA / mo$35.00$35.00$35.00
Total monthly$688.82$2,769.78$2,974.23
Cash to close$360,713$38,500$38,500