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$17,459$17,459$306,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$288,541$0
Funding fee$0$0$0
Note rate6.910%6.910%7.320%
Blended rate7.460%7.733%7.560%
1st payment$119.84$119.84$2,102.01
2nd payment$0.00$1,863.49$0.00
Taxes / mo$117.08$117.08$117.08
Insurance / mo$150.00$150.00$150.00
MI / mo$8.15$8.15$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$395.07$2,258.57$2,430.29
Cash to close$322,541$34,000$34,000