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$26,559$26,559$359,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$333,351$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.698%7.640%
1st payment$173.74$173.74$2,491.94
2nd payment$0.00$2,152.89$0.00
Taxes / mo$197.50$197.50$197.50
Insurance / mo$150.00$150.00$150.00
MI / mo$12.47$12.47$71.98
HOA / mo$40.00$40.00$40.00
Total monthly$573.71$2,726.60$2,951.43
Cash to close$373,341$39,990$39,990