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$26,086$26,086$350,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$324,824$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.717%7.640%
1st payment$178.61$178.61$2,429.63
2nd payment$0.00$2,097.82$0.00
Taxes / mo$693.42$693.42$693.42
Insurance / mo$150.00$150.00$150.00
MI / mo$12.18$12.18$70.18
HOA / mo$4.58$4.58$4.58
Total monthly$1,038.78$3,136.61$3,347.81
Cash to close$363,814$38,990$38,990