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$36,488$36,488$324,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$287,512$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.711%7.560%
1st payment$262.93$262.93$2,225.66
2nd payment$0.00$1,856.85$0.00
Taxes / mo$375.60$375.60$375.60
Insurance / mo$150.00$150.00$150.00
MI / mo$17.01$17.01$64.80
HOA / mo$77.67$77.67$77.67
Total monthly$883.22$2,740.06$2,893.73
Cash to close$323,512$36,000$36,000