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$19,063$19,063$306,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$286,937$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%7.777%7.640%
1st payment$140.12$140.12$2,118.68
2nd payment$0.00$1,853.13$0.00
Taxes / mo$312.00$312.00$312.00
Insurance / mo$150.00$150.00$150.00
MI / mo$8.99$8.99$61.20
HOA / mo$10.00$10.00$10.00
Total monthly$621.11$2,474.24$2,651.88
Cash to close$320,937$34,000$34,000