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$7,116$7,116$292,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$285,384$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.728%7.560%
1st payment$47.90$47.90$2,009.27
2nd payment$0.00$1,843.11$0.00
Taxes / mo$94.75$94.75$94.75
Insurance / mo$150.00$150.00$150.00
MI / mo$3.31$3.31$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$295.97$2,139.08$2,312.52
Cash to close$317,884$32,500$32,500