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$4,831$4,831$247,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$242,669$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%7.730%7.640%
1st payment$31.27$31.27$1,713.64
2nd payment$0.00$1,567.23$0.00
Taxes / mo$50.34$50.34$50.34
Insurance / mo$150.00$150.00$150.00
MI / mo$3.64$3.64$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$235.26$1,802.49$1,963.48
Cash to close$270,169$27,500$27,500