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$6,407$6,407$357,750
Remaining term (yrs)22.922.930.0
Secondary amount$0$351,343$0
Funding fee$0$0$0
Note rate3.210%3.210%7.320%
Blended rate4.060%7.684%7.560%
1st payment$32.86$32.86$2,457.49
2nd payment$0.00$2,269.09$0.00
Taxes / mo$282.17$282.17$282.17
Insurance / mo$150.00$150.00$150.00
MI / mo$5.27$5.27$71.55
HOA / mo$32.00$32.00$32.00
Total monthly$502.29$2,771.38$2,993.21
Cash to close$391,093$39,750$39,750