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$38,919$38,919$301,491
Remaining term (yrs)24.824.830.0
Secondary amount$0$262,572$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.727%7.640%
1st payment$275.91$275.91$2,087.46
2nd payment$0.00$1,695.78$0.00
Taxes / mo$509.42$509.42$509.42
Insurance / mo$150.00$150.00$150.00
MI / mo$18.35$18.35$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$953.68$2,649.45$2,807.18
Cash to close$296,071$33,499$33,499