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$11,433$11,433$314,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$302,667$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.733%7.640%
1st payment$77.53$77.53$2,174.76
2nd payment$0.00$1,954.72$0.00
Taxes / mo$290.83$290.83$290.83
Insurance / mo$150.00$150.00$150.00
MI / mo$5.31$5.31$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$523.67$2,478.39$2,678.42
Cash to close$337,567$34,900$34,900