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$19,095$19,095$346,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$327,405$0
Funding fee$0$0$0
Note rate6.750%6.750%7.320%
Blended rate7.300%7.725%7.560%
1st payment$129.85$129.85$2,380.21
2nd payment$0.00$2,114.49$0.00
Taxes / mo$368.33$368.33$368.33
Insurance / mo$150.00$150.00$150.00
MI / mo$8.86$8.86$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$657.04$2,771.53$2,967.85
Cash to close$365,905$38,500$38,500