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$8,127$8,127$289,800
Remaining term (yrs)23.423.430.0
Secondary amount$0$281,673$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.730%7.640%
1st payment$56.21$56.21$2,006.52
2nd payment$0.00$1,819.14$0.00
Taxes / mo$566.83$566.83$566.83
Insurance / mo$150.00$150.00$150.00
MI / mo$3.93$3.93$57.96
HOA / mo$50.00$50.00$50.00
Total monthly$826.97$2,646.11$2,831.31
Cash to close$313,873$32,200$32,200