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$29,622$29,622$296,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$267,288$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.734%7.640%
1st payment$208.37$208.37$2,055.74
2nd payment$0.00$1,726.24$0.00
Taxes / mo$401.50$401.50$401.50
Insurance / mo$150.00$150.00$150.00
MI / mo$13.83$13.83$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$773.70$2,499.94$2,666.63
Cash to close$300,278$32,990$32,990