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$14,981$14,981$368,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$353,119$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.739%7.640%
1st payment$103.01$103.01$2,548.65
2nd payment$0.00$2,280.56$0.00
Taxes / mo$604.88$604.88$604.88
Insurance / mo$150.00$150.00$150.00
MI / mo$7.07$7.07$73.62
HOA / mo$100.00$100.00$100.00
Total monthly$964.96$3,245.51$3,477.15
Cash to close$394,019$40,900$40,900