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$21,964$21,964$265,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$243,536$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.729%7.560%
1st payment$151.16$151.16$1,823.80
2nd payment$0.00$1,572.84$0.00
Taxes / mo$340.50$340.50$340.50
Insurance / mo$150.00$150.00$150.00
MI / mo$10.24$10.24$53.10
HOA / mo$18.33$18.33$18.33
Total monthly$670.24$2,243.07$2,385.73
Cash to close$273,036$29,500$29,500