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$21,331$21,331$349,200
Remaining term (yrs)4.84.830.0
Secondary amount$0$327,869$0
Funding fee$0$0$0
Note rate7.110%7.110%7.320%
Blended rate7.960%7.763%7.560%
1st payment$429.48$429.48$2,398.76
2nd payment$0.00$2,117.49$0.00
Taxes / mo$323.33$323.33$323.33
Insurance / mo$150.00$150.00$150.00
MI / mo$45.22$45.22$69.84
HOA / mo$0.00$0.00$0.00
Total monthly$948.03$3,065.52$2,941.94
Cash to close$366,669$38,800$38,800