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$32,758$32,758$360,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$327,242$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.678%7.640%
1st payment$209.00$209.00$2,492.57
2nd payment$0.00$2,113.43$0.00
Taxes / mo$731.63$731.63$731.63
Insurance / mo$150.00$150.00$150.00
MI / mo$24.40$24.40$72.00
HOA / mo$120.00$120.00$120.00
Total monthly$1,235.03$3,348.47$3,566.20
Cash to close$367,242$40,000$40,000