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$6,977$6,977$324,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$317,023$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.749%7.640%
1st payment$49.55$49.55$2,243.31
2nd payment$0.00$2,047.44$0.00
Taxes / mo$172.83$172.83$172.83
Insurance / mo$150.00$150.00$150.00
MI / mo$3.29$3.29$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$375.68$2,423.11$2,630.94
Cash to close$353,023$36,000$36,000