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$9,679$9,679$299,700
Remaining term (yrs)25.925.930.0
Secondary amount$0$290,021$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.705%7.640%
1st payment$58.50$58.50$2,075.06
2nd payment$0.00$1,873.05$0.00
Taxes / mo$533.50$533.50$533.50
Insurance / mo$150.00$150.00$150.00
MI / mo$7.28$7.28$59.94
HOA / mo$19.00$19.00$19.00
Total monthly$768.28$2,641.33$2,837.50
Cash to close$323,321$33,300$33,300