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$6,018$6,018$313,920
Remaining term (yrs)24.024.030.0
Secondary amount$0$307,902$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.748%7.640%
1st payment$43.43$43.43$2,173.52
2nd payment$0.00$1,988.53$0.00
Taxes / mo$333.75$333.75$333.75
Insurance / mo$150.00$150.00$150.00
MI / mo$2.87$2.87$62.78
HOA / mo$11.00$11.00$11.00
Total monthly$541.04$2,529.58$2,731.05
Cash to close$342,782$34,880$34,880