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$38,829$38,829$359,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$320,271$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.714%7.640%
1st payment$261.87$261.87$2,486.34
2nd payment$0.00$2,068.42$0.00
Taxes / mo$286.56$286.56$286.56
Insurance / mo$150.00$150.00$150.00
MI / mo$18.09$18.09$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$716.52$2,784.94$2,994.72
Cash to close$360,171$39,900$39,900