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$4,512$4,512$314,999
Remaining term (yrs)0.90.930.0
Secondary amount$0$310,487$0
Funding fee$0$0$0
Note rate8.010%8.010%7.400%
Blended rate8.860%7.766%7.640%
1st payment$392.56$392.56$2,180.99
2nd payment$0.00$2,005.23$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$37.86$37.86$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$872.08$2,877.31$2,685.66
Cash to close$345,487$35,000$35,000