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$9,208$9,208$288,000
Remaining term (yrs)38.538.530.0
Secondary amount$0$278,792$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.732%7.560%
1st payment$55.28$55.28$1,978.36
2nd payment$0.00$1,800.53$0.00
Taxes / mo$445.08$445.08$445.08
Insurance / mo$150.00$150.00$150.00
MI / mo$4.25$4.25$57.60
HOA / mo$25.00$25.00$25.00
Total monthly$679.62$2,480.15$2,656.04
Cash to close$310,792$32,000$32,000