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$32,700$32,700$346,500
Remaining term (yrs)4.94.930.0
Secondary amount$0$313,800$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.880%7.762%7.640%
1st payment$647.97$647.97$2,399.10
2nd payment$0.00$2,026.62$0.00
Taxes / mo$124.92$124.92$124.92
Insurance / mo$150.00$150.00$150.00
MI / mo$68.78$68.78$69.30
HOA / mo$11.00$11.00$11.00
Total monthly$1,002.66$3,029.29$2,754.31
Cash to close$352,300$38,500$38,500