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$2,847$2,847$288,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$285,153$0
Funding fee$0$0$0
Note rate6.560%6.560%7.400%
Blended rate7.110%7.744%7.640%
1st payment$18.29$18.29$1,994.05
2nd payment$0.00$1,841.61$0.00
Taxes / mo$188.75$188.75$188.75
Insurance / mo$150.00$150.00$150.00
MI / mo$1.32$1.32$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$358.36$2,199.97$2,390.40
Cash to close$317,153$32,000$32,000