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$13,417$13,417$332,100
Remaining term (yrs)2.62.630.0
Secondary amount$0$318,683$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.751%7.640%
1st payment$447.66$447.66$2,299.39
2nd payment$0.00$2,058.16$0.00
Taxes / mo$173.42$173.42$173.42
Insurance / mo$150.00$150.00$150.00
MI / mo$48.05$48.05$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$819.12$2,877.28$2,689.23
Cash to close$355,583$36,900$36,900