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$7,363$7,363$341,100
Remaining term (yrs)0.90.930.0
Secondary amount$0$333,737$0
Funding fee$0$0$0
Note rate7.470%7.470%7.400%
Blended rate8.320%7.762%7.640%
1st payment$638.71$638.71$2,361.71
2nd payment$0.00$2,155.38$0.00
Taxes / mo$124.25$124.25$124.25
Insurance / mo$150.00$150.00$150.00
MI / mo$64.89$64.89$68.22
HOA / mo$22.92$22.92$22.92
Total monthly$1,000.78$3,156.16$2,727.10
Cash to close$371,637$37,900$37,900