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$11,176$11,176$309,663
Remaining term (yrs)24.224.230.0
Secondary amount$0$298,487$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%7.756%7.640%
1st payment$80.36$80.36$2,144.04
2nd payment$0.00$1,927.73$0.00
Taxes / mo$300.60$300.60$300.60
Insurance / mo$150.00$150.00$150.00
MI / mo$8.31$8.31$61.93
HOA / mo$50.00$50.00$50.00
Total monthly$589.27$2,517.00$2,706.58
Cash to close$332,894$34,407$34,407