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$15,360$15,360$328,050
Remaining term (yrs)23.823.830.0
Secondary amount$0$312,690$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.727%7.560%
1st payment$107.61$107.61$2,253.48
2nd payment$0.00$2,019.46$0.00
Taxes / mo$111.58$111.58$111.58
Insurance / mo$150.00$150.00$150.00
MI / mo$7.37$7.37$65.61
HOA / mo$50.00$50.00$50.00
Total monthly$426.56$2,446.02$2,630.67
Cash to close$349,140$36,450$36,450