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$16,446$16,446$319,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$303,054$0
Funding fee$0$0$0
Note rate6.810%6.810%7.240%
Blended rate7.360%7.730%7.480%
1st payment$114.39$114.39$2,177.39
2nd payment$0.00$1,957.23$0.00
Taxes / mo$164.17$164.17$164.17
Insurance / mo$150.00$150.00$150.00
MI / mo$7.66$7.66$63.90
HOA / mo$200.00$200.00$200.00
Total monthly$636.22$2,593.45$2,755.45
Cash to close$338,554$35,500$35,500