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$13,992$13,992$350,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$336,918$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.722%7.560%
1st payment$91.73$91.73$2,410.51
2nd payment$0.00$2,175.93$0.00
Taxes / mo$173.17$173.17$173.17
Insurance / mo$150.00$150.00$150.00
MI / mo$6.65$6.65$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$421.54$2,597.47$2,803.86
Cash to close$375,908$38,990$38,990