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$41,350$41,350$360,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$318,650$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.674%7.640%
1st payment$271.22$271.22$2,492.57
2nd payment$0.00$2,057.95$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$19.37$19.37$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$773.92$2,831.87$3,047.90
Cash to close$358,650$40,000$40,000