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$18,968$18,968$315,000
Remaining term (yrs)3.83.830.0
Secondary amount$0$296,032$0
Funding fee$0$0$0
Note rate8.620%8.620%7.400%
Blended rate9.470%7.854%7.640%
1st payment$476.96$476.96$2,181.00
2nd payment$0.00$1,911.87$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$43.46$43.46$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$962.08$2,873.95$2,685.66
Cash to close$331,032$35,000$35,000