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$15,930$15,930$292,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$276,570$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.699%7.640%
1st payment$106.80$106.80$2,025.21
2nd payment$0.00$1,786.18$0.00
Taxes / mo$341.00$341.00$341.00
Insurance / mo$150.00$150.00$150.00
MI / mo$7.41$7.41$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$605.20$2,391.38$2,574.71
Cash to close$309,070$32,500$32,500