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$14,895$14,895$336,600
Remaining term (yrs)26.526.530.0
Secondary amount$0$321,705$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.719%7.640%
1st payment$98.10$98.10$2,330.55
2nd payment$0.00$2,077.68$0.00
Taxes / mo$162.67$162.67$162.67
Insurance / mo$150.00$150.00$150.00
MI / mo$7.11$7.11$67.32
HOA / mo$431.00$431.00$431.00
Total monthly$848.88$2,926.55$3,141.54
Cash to close$359,105$37,400$37,400