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$28,336$28,336$359,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$330,764$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.707%7.640%
1st payment$188.69$188.69$2,486.34
2nd payment$0.00$2,136.18$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$13.17$13.17$71.82
HOA / mo$484.00$484.00$484.00
Total monthly$1,168.36$3,304.54$3,524.66
Cash to close$370,664$39,900$39,900