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$8,523$8,523$324,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$315,477$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.728%7.640%
1st payment$55.73$55.73$2,243.31
2nd payment$0.00$2,037.46$0.00
Taxes / mo$220.25$220.25$220.25
Insurance / mo$150.00$150.00$150.00
MI / mo$4.01$4.01$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$429.98$2,467.44$2,678.36
Cash to close$351,477$36,000$36,000