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$16,824$16,824$332,100
Remaining term (yrs)4.14.130.0
Secondary amount$0$315,276$0
Funding fee$0$0$0
Note rate7.840%7.840%7.320%
Blended rate8.690%7.798%7.560%
1st payment$388.96$388.96$2,281.30
2nd payment$0.00$2,036.16$0.00
Taxes / mo$198.25$198.25$198.25
Insurance / mo$150.00$150.00$150.00
MI / mo$38.13$38.13$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$775.34$2,811.49$2,695.97
Cash to close$352,176$36,900$36,900