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$13,985$13,985$341,100
Remaining term (yrs)2.52.530.0
Secondary amount$0$327,115$0
Funding fee$0$0$0
Note rate7.010%7.010%7.320%
Blended rate7.860%7.755%7.560%
1st payment$480.41$480.41$2,343.12
2nd payment$0.00$2,112.62$0.00
Taxes / mo$106.75$106.75$106.75
Insurance / mo$150.00$150.00$150.00
MI / mo$51.10$51.10$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$788.26$2,900.88$2,668.09
Cash to close$365,015$37,900$37,900