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$8,358$8,358$359,991
Remaining term (yrs)0.90.930.0
Secondary amount$0$351,633$0
Funding fee$0$0$0
Note rate7.470%7.470%7.400%
Blended rate8.320%7.763%7.640%
1st payment$724.96$724.96$2,492.50
2nd payment$0.00$2,270.97$0.00
Taxes / mo$154.75$154.75$154.75
Insurance / mo$150.00$150.00$150.00
MI / mo$73.66$73.66$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,103.37$3,374.34$2,869.25
Cash to close$391,632$39,999$39,999