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$15,993$15,993$328,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$312,507$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.723%7.640%
1st payment$105.46$105.46$2,274.47
2nd payment$0.00$2,018.28$0.00
Taxes / mo$334.17$334.17$334.17
Insurance / mo$150.00$150.00$150.00
MI / mo$7.45$7.45$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$597.08$2,615.35$2,824.33
Cash to close$349,007$36,500$36,500