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$11,628$11,628$359,100
Remaining term (yrs)38.738.730.0
Secondary amount$0$347,472$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.740%7.640%
1st payment$71.74$71.74$2,486.34
2nd payment$0.00$2,244.09$0.00
Taxes / mo$335.08$335.08$335.08
Insurance / mo$150.00$150.00$150.00
MI / mo$5.36$5.36$71.82
HOA / mo$16.67$16.67$16.67
Total monthly$578.86$2,822.95$3,059.91
Cash to close$387,372$39,900$39,900