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$12,670$12,670$368,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$355,430$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.729%7.640%
1st payment$82.55$82.55$2,548.65
2nd payment$0.00$2,295.49$0.00
Taxes / mo$411.78$411.78$411.78
Insurance / mo$150.00$150.00$150.00
MI / mo$5.87$5.87$73.62
HOA / mo$35.42$35.42$35.42
Total monthly$685.62$2,981.10$3,219.47
Cash to close$396,330$40,900$40,900