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$9,474$9,474$332,991
Remaining term (yrs)27.427.430.0
Secondary amount$0$323,517$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.743%7.640%
1st payment$64.39$64.39$2,305.56
2nd payment$0.00$2,089.38$0.00
Taxes / mo$103.17$103.17$103.17
Insurance / mo$150.00$150.00$150.00
MI / mo$4.41$4.41$66.60
HOA / mo$125.00$125.00$125.00
Total monthly$446.97$2,536.35$2,750.33
Cash to close$360,516$36,999$36,999