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$13,908$13,908$346,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$332,592$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.727%7.640%
1st payment$93.51$93.51$2,399.10
2nd payment$0.00$2,147.99$0.00
Taxes / mo$388.67$388.67$388.67
Insurance / mo$150.00$150.00$150.00
MI / mo$6.46$6.46$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$638.63$2,786.62$3,007.06
Cash to close$371,092$38,500$38,500