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$29,187$29,187$373,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$344,313$0
Funding fee$0$0$0
Note rate7.500%7.500%7.320%
Blended rate8.050%7.773%7.560%
1st payment$209.76$209.76$2,565.69
2nd payment$0.00$2,223.69$0.00
Taxes / mo$370.17$370.17$370.17
Insurance / mo$150.00$150.00$150.00
MI / mo$13.75$13.75$74.70
HOA / mo$256.00$256.00$256.00
Total monthly$999.68$3,223.37$3,416.55
Cash to close$385,813$41,500$41,500