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$18,928$18,928$297,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$278,072$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.698%7.560%
1st payment$125.02$125.02$2,040.18
2nd payment$0.00$1,795.88$0.00
Taxes / mo$429.67$429.67$429.67
Insurance / mo$150.00$150.00$150.00
MI / mo$9.07$9.07$59.40
HOA / mo$50.00$50.00$50.00
Total monthly$763.75$2,559.63$2,729.25
Cash to close$311,072$33,000$33,000