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$6,962$6,962$315,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$308,038$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.741%7.560%
1st payment$48.17$48.17$2,163.83
2nd payment$0.00$1,989.41$0.00
Taxes / mo$133.92$133.92$133.92
Insurance / mo$150.00$150.00$150.00
MI / mo$3.32$3.32$63.00
HOA / mo$16.00$16.00$16.00
Total monthly$351.41$2,340.82$2,526.75
Cash to close$343,038$35,000$35,000