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$34,453$34,453$256,410
Remaining term (yrs)28.428.430.0
Secondary amount$0$221,957$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.675%7.640%
1st payment$224.46$224.46$1,775.33
2nd payment$0.00$1,433.47$0.00
Taxes / mo$0.42$0.42$0.42
Insurance / mo$150.00$150.00$150.00
MI / mo$16.04$16.04$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$390.91$1,824.39$1,977.03
Cash to close$250,447$28,490$28,490