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$10,535$10,535$351,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$340,465$0
Funding fee$0$0$0
Note rate7.790%7.790%7.320%
Blended rate8.340%7.768%7.560%
1st payment$78.56$78.56$2,411.13
2nd payment$0.00$2,198.84$0.00
Taxes / mo$116.67$116.67$116.67
Insurance / mo$150.00$150.00$150.00
MI / mo$4.96$4.96$70.20
HOA / mo$20.83$20.83$20.83
Total monthly$371.02$2,569.85$2,768.82
Cash to close$379,465$39,000$39,000