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$8,793$8,793$292,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$283,707$0
Funding fee$0$0$0
Note rate6.830%6.830%7.400%
Blended rate7.380%7.739%7.640%
1st payment$62.44$62.44$2,025.21
2nd payment$0.00$1,832.27$0.00
Taxes / mo$296.75$296.75$296.75
Insurance / mo$150.00$150.00$150.00
MI / mo$4.11$4.11$58.50
HOA / mo$65.00$65.00$65.00
Total monthly$578.30$2,410.57$2,595.46
Cash to close$316,207$32,500$32,500