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$17,291$17,291$346,500
Remaining term (yrs)37.937.930.0
Secondary amount$0$329,209$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.738%7.560%
1st payment$107.84$107.84$2,380.21
2nd payment$0.00$2,126.14$0.00
Taxes / mo$288.68$288.68$288.68
Insurance / mo$150.00$150.00$150.00
MI / mo$8.00$8.00$69.30
HOA / mo$59.00$59.00$59.00
Total monthly$613.52$2,739.67$2,947.19
Cash to close$367,709$38,500$38,500