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$10,604$10,604$359,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$348,496$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.732%7.640%
1st payment$70.68$70.68$2,486.34
2nd payment$0.00$2,250.70$0.00
Taxes / mo$168.83$168.83$168.83
Insurance / mo$150.00$150.00$150.00
MI / mo$5.02$5.02$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$394.53$2,645.23$2,876.99
Cash to close$388,396$39,900$39,900