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$11,379$11,379$310,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$299,031$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.734%7.640%
1st payment$78.08$78.08$2,149.22
2nd payment$0.00$1,931.24$0.00
Taxes / mo$60.75$60.75$60.75
Insurance / mo$150.00$150.00$150.00
MI / mo$5.38$5.38$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$294.21$2,225.46$2,422.05
Cash to close$333,521$34,490$34,490