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$18,224$18,224$315,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$296,776$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.712%7.640%
1st payment$122.86$122.86$2,181.00
2nd payment$0.00$1,916.68$0.00
Taxes / mo$196.17$196.17$196.17
Insurance / mo$150.00$150.00$150.00
MI / mo$8.56$8.56$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$477.59$2,394.26$2,590.16
Cash to close$331,776$35,000$35,000