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$42,816$42,816$377,100
Remaining term (yrs)37.537.530.0
Secondary amount$0$334,284$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.720%7.560%
1st payment$267.35$267.35$2,590.42
2nd payment$0.00$2,158.92$0.00
Taxes / mo$132.00$132.00$132.00
Insurance / mo$150.00$150.00$150.00
MI / mo$19.86$19.86$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$569.21$2,728.12$2,947.84
Cash to close$376,184$41,900$41,900