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$31,382$31,382$359,100
Remaining term (yrs)3.33.330.0
Secondary amount$0$327,718$0
Funding fee$0$0$0
Note rate7.960%7.960%7.400%
Blended rate8.810%7.843%7.640%
1st payment$876.73$876.73$2,486.34
2nd payment$0.00$2,116.51$0.00
Taxes / mo$158.33$158.33$158.33
Insurance / mo$150.00$150.00$150.00
MI / mo$84.96$84.96$71.82
HOA / mo$120.00$120.00$120.00
Total monthly$1,390.02$3,506.53$2,986.49
Cash to close$367,618$39,900$39,900