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$5,890$5,890$323,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$318,020$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.748%7.640%
1st payment$42.56$42.56$2,242.69
2nd payment$0.00$2,053.88$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$150.00$150.00$150.00
MI / mo$2.81$2.81$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$495.29$2,549.16$2,757.39
Cash to close$354,010$35,990$35,990