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$7,380$7,380$292,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$285,030$0
Funding fee$0$0$0
Note rate5.130%5.130%7.320%
Blended rate5.980%7.705%7.560%
1st payment$44.53$44.53$2,008.65
2nd payment$0.00$1,840.82$0.00
Taxes / mo$378.51$378.51$378.51
Insurance / mo$150.00$150.00$150.00
MI / mo$5.62$5.62$58.48
HOA / mo$27.50$27.50$27.50
Total monthly$606.16$2,446.98$2,623.15
Cash to close$317,520$32,490$32,490