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$1,895$1,895$355,500
Remaining term (yrs)0.10.130.0
Secondary amount$0$353,605$0
Funding fee$0$0$0
Note rate7.780%7.780%7.320%
Blended rate8.630%7.755%7.560%
1st payment$639.81$639.81$2,442.04
2nd payment$0.00$2,283.70$0.00
Taxes / mo$178.00$178.00$178.00
Insurance / mo$150.00$150.00$150.00
MI / mo$63.08$63.08$71.10
HOA / mo$425.00$425.00$425.00
Total monthly$1,455.89$3,739.59$3,266.14
Cash to close$393,105$39,500$39,500