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$15,378$15,378$292,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$277,122$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.723%7.640%
1st payment$102.13$102.13$2,025.21
2nd payment$0.00$1,789.75$0.00
Taxes / mo$170.33$170.33$170.33
Insurance / mo$150.00$150.00$150.00
MI / mo$7.18$7.18$58.50
HOA / mo$29.17$29.17$29.17
Total monthly$458.82$2,248.56$2,433.21
Cash to close$309,622$32,500$32,500