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$7,406$7,406$351,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$343,594$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%7.686%7.640%
1st payment$38.71$38.71$2,430.25
2nd payment$0.00$2,219.05$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$5.74$5.74$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$519.45$2,738.50$2,975.45
Cash to close$382,594$39,000$39,000