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$5,659$5,659$288,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$282,341$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.741%7.640%
1st payment$37.69$37.69$1,994.05
2nd payment$0.00$1,823.45$0.00
Taxes / mo$122.75$122.75$122.75
Insurance / mo$150.00$150.00$150.00
MI / mo$2.64$2.64$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$313.09$2,136.54$2,324.40
Cash to close$314,341$32,000$32,000