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$7,881$7,881$269,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$261,219$0
Funding fee$0$0$0
Note rate6.330%6.330%7.320%
Blended rate6.880%7.725%7.560%
1st payment$51.96$51.96$1,848.53
2nd payment$0.00$1,687.04$0.00
Taxes / mo$83.50$83.50$83.50
Insurance / mo$150.00$150.00$150.00
MI / mo$3.79$3.79$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$289.25$1,976.29$2,135.85
Cash to close$291,119$29,900$29,900