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$9,906$9,906$337,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$327,594$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.728%7.640%
1st payment$74.92$74.92$2,336.78
2nd payment$0.00$2,115.71$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$4.74$4.74$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$542.16$2,657.87$2,866.78
Cash to close$365,094$37,500$37,500