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$159$159$256,500
Remaining term (yrs)36.636.630.0
Secondary amount$0$256,341$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.749%7.640%
1st payment$0.92$0.92$1,775.95
2nd payment$0.00$1,655.54$0.00
Taxes / mo$186.50$186.50$186.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.07$0.07$51.30
HOA / mo$484.00$484.00$484.00
Total monthly$821.50$2,477.03$2,647.75
Cash to close$284,841$28,500$28,500