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$14,865$14,865$252,000
Remaining term (yrs)38.738.730.0
Secondary amount$0$237,135$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.716%7.640%
1st payment$88.85$88.85$1,744.80
2nd payment$0.00$1,531.50$0.00
Taxes / mo$242.83$242.83$242.83
Insurance / mo$150.00$150.00$150.00
MI / mo$6.86$6.86$50.40
HOA / mo$1.42$1.42$1.42
Total monthly$489.96$2,021.45$2,189.45
Cash to close$265,135$28,000$28,000