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$60,687$60,687$297,000
Remaining term (yrs)37.837.830.0
Secondary amount$0$236,313$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.699%7.640%
1st payment$378.85$378.85$2,056.37
2nd payment$0.00$1,526.19$0.00
Taxes / mo$244.83$244.83$244.83
Insurance / mo$150.00$150.00$150.00
MI / mo$28.11$28.11$59.40
HOA / mo$81.00$81.00$81.00
Total monthly$882.79$2,408.98$2,591.60
Cash to close$269,313$33,000$33,000