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$18,374$18,374$368,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$350,536$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate6.700%7.698%7.560%
1st payment$121.11$121.11$2,534.16
2nd payment$0.00$2,263.88$0.00
Taxes / mo$135.50$135.50$135.50
Insurance / mo$150.00$150.00$150.00
MI / mo$8.89$8.89$73.78
HOA / mo$15.00$15.00$15.00
Total monthly$430.50$2,694.38$2,908.44
Cash to close$391,526$40,990$40,990