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$3,685$3,685$245,700
Remaining term (yrs)25.625.630.0
Secondary amount$0$242,015$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.738%7.560%
1st payment$24.34$24.34$1,687.79
2nd payment$0.00$1,563.01$0.00
Taxes / mo$188.58$188.58$188.58
Insurance / mo$150.00$150.00$150.00
MI / mo$1.77$1.77$49.14
HOA / mo$14.17$14.17$14.17
Total monthly$378.86$1,941.87$2,089.68
Cash to close$269,315$27,300$27,300