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$6,234$6,234$364,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$358,266$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.740%7.640%
1st payment$42.17$42.17$2,523.72
2nd payment$0.00$2,313.80$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$2.91$2.91$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$532.58$2,846.38$3,084.12
Cash to close$398,766$40,500$40,500