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$26,465$26,465$359,100
Remaining term (yrs)27.327.330.0
Secondary amount$0$332,635$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.724%7.640%
1st payment$178.51$178.51$2,486.34
2nd payment$0.00$2,148.27$0.00
Taxes / mo$557.51$557.51$557.51
Insurance / mo$150.00$150.00$150.00
MI / mo$12.36$12.36$71.82
HOA / mo$71.00$71.00$71.00
Total monthly$969.38$3,117.64$3,336.67
Cash to close$372,535$39,900$39,900