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$8,816$8,816$292,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$283,594$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.732%7.560%
1st payment$59.69$59.69$2,008.65
2nd payment$0.00$1,831.54$0.00
Taxes / mo$66.08$66.08$66.08
Insurance / mo$150.00$150.00$150.00
MI / mo$4.13$4.13$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$279.91$2,111.45$2,283.22
Cash to close$316,084$32,490$32,490