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$10,126$10,126$294,299
Remaining term (yrs)23.823.830.0
Secondary amount$0$284,173$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.746%7.640%
1st payment$73.36$73.36$2,037.67
2nd payment$0.00$1,835.28$0.00
Taxes / mo$383.22$383.22$383.22
Insurance / mo$150.00$150.00$150.00
MI / mo$4.79$4.79$58.86
HOA / mo$0.00$0.00$0.00
Total monthly$611.36$2,446.64$2,629.74
Cash to close$316,873$32,700$32,700