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$22,524$22,524$337,500
Remaining term (yrs)2.42.430.0
Secondary amount$0$314,976$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.670%7.745%7.640%
1st payment$794.53$794.53$2,336.78
2nd payment$0.00$2,034.22$0.00
Taxes / mo$189.83$189.83$189.83
Insurance / mo$150.00$150.00$150.00
MI / mo$86.15$86.15$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,220.52$3,254.73$2,744.12
Cash to close$352,476$37,500$37,500