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$59,364$59,364$342,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$282,636$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.708%7.640%
1st payment$403.46$403.46$2,367.94
2nd payment$0.00$1,825.36$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$27.62$27.62$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$897.75$2,723.10$2,903.01
Cash to close$320,636$38,000$38,000