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$15,716$15,716$348,300
Remaining term (yrs)26.026.030.0
Secondary amount$0$332,584$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.717%7.640%
1st payment$104.07$104.07$2,411.56
2nd payment$0.00$2,147.94$0.00
Taxes / mo$432.17$432.17$432.17
Insurance / mo$150.00$150.00$150.00
MI / mo$7.39$7.39$69.66
HOA / mo$41.08$41.08$41.08
Total monthly$734.71$2,882.65$3,104.47
Cash to close$371,284$38,700$38,700