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$15,489$15,489$359,991
Remaining term (yrs)22.422.430.0
Secondary amount$0$344,502$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.737%7.640%
1st payment$112.85$112.85$2,492.50
2nd payment$0.00$2,224.91$0.00
Taxes / mo$405.50$405.50$405.50
Insurance / mo$150.00$150.00$150.00
MI / mo$7.28$7.28$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$675.62$2,900.53$3,120.00
Cash to close$384,501$39,999$39,999