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$13,662$13,662$292,770
Remaining term (yrs)26.926.930.0
Secondary amount$0$279,108$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.730%7.560%
1st payment$91.83$91.83$2,011.13
2nd payment$0.00$1,802.57$0.00
Taxes / mo$351.08$351.08$351.08
Insurance / mo$150.00$150.00$150.00
MI / mo$6.33$6.33$58.55
HOA / mo$0.00$0.00$0.00
Total monthly$599.25$2,401.82$2,570.76
Cash to close$311,638$32,530$32,530