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$6,312$6,312$315,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$308,688$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.745%7.640%
1st payment$45.87$45.87$2,181.00
2nd payment$0.00$1,993.61$0.00
Taxes / mo$354.68$354.68$354.68
Insurance / mo$150.00$150.00$150.00
MI / mo$2.99$2.99$63.00
HOA / mo$103.33$103.33$103.33
Total monthly$656.87$2,650.48$2,852.01
Cash to close$343,688$35,000$35,000