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$12,052$12,052$315,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$302,948$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.739%7.640%
1st payment$82.55$82.55$2,181.00
2nd payment$0.00$1,956.54$0.00
Taxes / mo$286.50$286.50$286.50
Insurance / mo$150.00$150.00$150.00
MI / mo$5.69$5.69$63.00
HOA / mo$67.00$67.00$67.00
Total monthly$591.74$2,548.28$2,747.50
Cash to close$337,948$35,000$35,000