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$14,281$14,281$314,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$300,629$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.726%7.640%
1st payment$109.15$109.15$2,180.37
2nd payment$0.00$1,941.56$0.00
Taxes / mo$372.50$372.50$372.50
Insurance / mo$150.00$150.00$150.00
MI / mo$6.92$6.92$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$638.58$2,580.14$2,765.86
Cash to close$335,619$34,990$34,990