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$10,781$10,781$333,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$322,219$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.731%7.640%
1st payment$75.58$75.58$2,305.62
2nd payment$0.00$2,081.00$0.00
Taxes / mo$62.17$62.17$62.17
Insurance / mo$150.00$150.00$150.00
MI / mo$5.15$5.15$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$292.90$2,373.90$2,584.39
Cash to close$359,219$37,000$37,000