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$13,076$13,076$292,500
Remaining term (yrs)21.621.630.0
Secondary amount$0$279,424$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.746%7.640%
1st payment$98.49$98.49$2,025.21
2nd payment$0.00$1,804.61$0.00
Taxes / mo$481.10$481.10$481.10
Insurance / mo$150.00$150.00$150.00
MI / mo$6.23$6.23$58.50
HOA / mo$8.33$8.33$8.33
Total monthly$744.15$2,548.76$2,723.14
Cash to close$311,924$32,500$32,500