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$18,812$18,812$337,410
Remaining term (yrs)2.92.930.0
Secondary amount$0$318,598$0
Funding fee$0$0$0
Note rate7.700%7.700%7.400%
Blended rate8.550%7.795%7.640%
1st payment$586.91$586.91$2,336.16
2nd payment$0.00$2,057.61$0.00
Taxes / mo$235.92$235.92$235.92
Insurance / mo$150.00$150.00$150.00
MI / mo$58.31$58.31$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,031.14$3,088.75$2,789.56
Cash to close$356,088$37,490$37,490