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$2,447$2,447$315,000
Remaining term (yrs)36.836.830.0
Secondary amount$0$312,553$0
Funding fee$0$0$0
Note rate6.320%6.320%7.320%
Blended rate6.870%7.743%7.560%
1st payment$14.28$14.28$2,163.83
2nd payment$0.00$2,018.57$0.00
Taxes / mo$363.92$363.92$363.92
Insurance / mo$150.00$150.00$150.00
MI / mo$1.14$1.14$63.00
HOA / mo$2.08$2.08$2.08
Total monthly$531.42$2,549.99$2,742.83
Cash to close$347,553$35,000$35,000