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$27,645$27,645$368,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$340,455$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.732%7.640%
1st payment$193.27$193.27$2,548.65
2nd payment$0.00$2,198.77$0.00
Taxes / mo$367.57$367.57$367.57
Insurance / mo$150.00$150.00$150.00
MI / mo$12.93$12.93$73.62
HOA / mo$0.00$0.00$0.00
Total monthly$723.77$2,922.54$3,139.84
Cash to close$381,355$40,900$40,900