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$10,494$10,494$323,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$312,606$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.736%7.560%
1st payment$72.01$72.01$2,219.47
2nd payment$0.00$2,018.91$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$4.97$4.97$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$526.14$2,545.05$2,733.26
Cash to close$348,506$35,900$35,900