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$24,541$24,541$312,300
Remaining term (yrs)21.321.330.0
Secondary amount$0$287,759$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate6.970%7.689%7.560%
1st payment$175.63$175.63$2,145.28
2nd payment$0.00$1,858.44$0.00
Taxes / mo$236.75$236.75$236.75
Insurance / mo$150.00$150.00$150.00
MI / mo$12.01$12.01$62.46
HOA / mo$0.00$0.00$0.00
Total monthly$574.39$2,432.83$2,594.49
Cash to close$322,459$34,700$34,700