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$16,606$16,606$314,999
Remaining term (yrs)2.62.630.0
Secondary amount$0$298,393$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.770%7.751%7.560%
1st payment$554.06$554.06$2,163.83
2nd payment$0.00$1,927.12$0.00
Taxes / mo$62.42$62.42$62.42
Insurance / mo$150.00$150.00$150.00
MI / mo$59.47$59.47$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$825.95$2,753.07$2,439.24
Cash to close$333,393$35,000$35,000