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$17,438$17,438$370,800
Remaining term (yrs)26.926.930.0
Secondary amount$0$353,362$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.716%7.640%
1st payment$113.85$113.85$2,567.34
2nd payment$0.00$2,282.13$0.00
Taxes / mo$194.92$194.92$194.92
Insurance / mo$150.00$150.00$150.00
MI / mo$8.19$8.19$74.16
HOA / mo$28.42$28.42$28.42
Total monthly$495.38$2,777.51$3,014.84
Cash to close$394,562$41,200$41,200