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$25,557$25,557$251,999
Remaining term (yrs)15.715.730.0
Secondary amount$0$226,442$0
Funding fee$0$0$0
Note rate3.790%3.790%7.400%
Blended rate4.640%7.435%7.640%
1st payment$179.09$179.09$1,744.79
2nd payment$0.00$1,462.44$0.00
Taxes / mo$125.08$125.08$125.08
Insurance / mo$150.00$150.00$150.00
MI / mo$27.26$27.26$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$481.43$1,943.87$2,070.27
Cash to close$254,442$28,000$28,000