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$24,197$24,197$314,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$290,713$0
Funding fee$0$0$0
Note rate6.930%6.930%7.320%
Blended rate7.480%7.729%7.560%
1st payment$162.55$162.55$2,163.21
2nd payment$0.00$1,877.52$0.00
Taxes / mo$324.33$324.33$324.33
Insurance / mo$150.00$150.00$150.00
MI / mo$11.28$11.28$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$648.16$2,525.68$2,700.53
Cash to close$325,703$34,990$34,990