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$21,862$21,862$355,500
Remaining term (yrs)2.12.130.0
Secondary amount$0$333,638$0
Funding fee$0$0$0
Note rate6.830%6.830%7.320%
Blended rate7.680%7.746%7.560%
1st payment$875.81$875.81$2,442.04
2nd payment$0.00$2,154.74$0.00
Taxes / mo$370.58$370.58$370.58
Insurance / mo$150.00$150.00$150.00
MI / mo$94.87$94.87$71.10
HOA / mo$3.00$3.00$3.00
Total monthly$1,494.27$3,649.01$3,036.72
Cash to close$373,138$39,500$39,500