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$16,550$16,550$337,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$320,950$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.705%7.640%
1st payment$108.03$108.03$2,336.78
2nd payment$0.00$2,072.80$0.00
Taxes / mo$325.33$325.33$325.33
Insurance / mo$150.00$150.00$150.00
MI / mo$7.92$7.92$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$591.29$2,664.09$2,879.62
Cash to close$358,450$37,500$37,500