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$13,834$13,834$355,500
Remaining term (yrs)2.22.230.0
Secondary amount$0$341,666$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.630%7.745%7.560%
1st payment$535.58$535.58$2,442.04
2nd payment$0.00$2,206.59$0.00
Taxes / mo$139.42$139.42$139.42
Insurance / mo$150.00$150.00$150.00
MI / mo$58.31$58.31$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$883.30$3,089.90$2,802.56
Cash to close$381,166$39,500$39,500