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$8,146$8,146$337,410
Remaining term (yrs)1.11.130.0
Secondary amount$0$329,264$0
Funding fee$0$0$0
Note rate5.150%5.150%7.320%
Blended rate6.000%7.708%7.560%
1st payment$561.89$561.89$2,317.77
2nd payment$0.00$2,126.50$0.00
Taxes / mo$212.17$212.17$212.17
Insurance / mo$150.00$150.00$150.00
MI / mo$72.89$72.89$67.48
HOA / mo$640.00$640.00$640.00
Total monthly$1,636.95$3,763.45$3,387.42
Cash to close$366,754$37,490$37,490