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$21,114$21,114$359,100
Remaining term (yrs)2.82.830.0
Secondary amount$0$337,986$0
Funding fee$0$0$0
Note rate7.410%7.410%7.400%
Blended rate8.260%7.780%7.640%
1st payment$672.64$672.64$2,486.34
2nd payment$0.00$2,182.83$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$68.75$68.75$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,223.89$3,406.72$3,040.66
Cash to close$377,886$39,900$39,900