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$9,862$9,862$292,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$282,638$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.716%7.640%
1st payment$62.62$62.62$2,025.21
2nd payment$0.00$1,825.37$0.00
Taxes / mo$310.00$310.00$310.00
Insurance / mo$150.00$150.00$150.00
MI / mo$4.63$4.63$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$527.26$2,352.63$2,543.71
Cash to close$315,138$32,500$32,500