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$7,030$7,030$342,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$334,970$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.738%7.640%
1st payment$47.42$47.42$2,367.94
2nd payment$0.00$2,163.35$0.00
Taxes / mo$114.50$114.50$114.50
Insurance / mo$150.00$150.00$150.00
MI / mo$3.37$3.37$68.40
HOA / mo$113.00$113.00$113.00
Total monthly$428.29$2,591.63$2,813.84
Cash to close$372,970$38,000$38,000