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$4,482$4,482$296,999
Remaining term (yrs)0.80.830.0
Secondary amount$0$292,517$0
Funding fee$0$0$0
Note rate7.610%7.610%7.400%
Blended rate8.460%7.761%7.640%
1st payment$423.13$423.13$2,056.36
2nd payment$0.00$1,889.17$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$42.41$42.41$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$890.54$2,779.71$2,540.76
Cash to close$325,517$33,000$33,000