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$1,407$1,407$305,550
Remaining term (yrs)37.737.730.0
Secondary amount$0$304,143$0
Funding fee$0$0$0
Note rate7.100%7.100%7.320%
Blended rate7.650%7.750%7.560%
1st payment$8.94$8.94$2,098.92
2nd payment$0.00$1,964.26$0.00
Taxes / mo$275.33$275.33$275.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.65$0.65$61.11
HOA / mo$0.00$0.00$0.00
Total monthly$434.93$2,399.18$2,585.36
Cash to close$338,093$33,950$33,950