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$15,868$15,868$306,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$290,132$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.711%7.640%
1st payment$104.40$104.40$2,118.68
2nd payment$0.00$1,873.77$0.00
Taxes / mo$387.78$387.78$387.78
Insurance / mo$150.00$150.00$150.00
MI / mo$7.44$7.44$61.20
HOA / mo$71.33$71.33$71.33
Total monthly$720.95$2,594.72$2,788.99
Cash to close$324,132$34,000$34,000