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$25,316$25,316$288,000
Remaining term (yrs)13.513.530.0
Secondary amount$0$262,684$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.627%7.640%
1st payment$219.92$219.92$1,994.05
2nd payment$0.00$1,696.50$0.00
Taxes / mo$116.25$116.25$116.25
Insurance / mo$150.00$150.00$150.00
MI / mo$27.44$27.44$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$513.61$2,210.11$2,317.90
Cash to close$294,684$32,000$32,000