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$10,742$10,742$364,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$353,758$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.741%7.640%
1st payment$73.51$73.51$2,523.72
2nd payment$0.00$2,284.69$0.00
Taxes / mo$130.02$130.02$130.02
Insurance / mo$150.00$150.00$150.00
MI / mo$5.01$5.01$72.90
HOA / mo$14.42$14.42$14.42
Total monthly$372.96$2,657.65$2,891.06
Cash to close$394,258$40,500$40,500