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$12,675$12,675$306,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$293,325$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.730%7.640%
1st payment$85.94$85.94$2,118.68
2nd payment$0.00$1,894.39$0.00
Taxes / mo$549.57$549.57$549.57
Insurance / mo$150.00$150.00$150.00
MI / mo$5.88$5.88$61.20
HOA / mo$71.00$71.00$71.00
Total monthly$862.40$2,756.79$2,950.45
Cash to close$327,325$34,000$34,000