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$4,070$4,070$346,500
Remaining term (yrs)1.41.430.0
Secondary amount$0$342,430$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%7.750%7.640%
1st payment$226.82$226.82$2,399.10
2nd payment$0.00$2,211.53$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$24.30$24.30$69.30
HOA / mo$325.00$325.00$325.00
Total monthly$1,046.95$3,258.47$3,264.23
Cash to close$380,930$38,500$38,500