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$15,027$15,027$373,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$358,473$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.727%7.640%
1st payment$101.91$101.91$2,586.04
2nd payment$0.00$2,315.14$0.00
Taxes / mo$398.75$398.75$398.75
Insurance / mo$150.00$150.00$150.00
MI / mo$7.13$7.13$74.70
HOA / mo$60.00$60.00$60.00
Total monthly$717.78$3,032.92$3,269.49
Cash to close$399,973$41,500$41,500