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$6,416$6,416$274,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$268,084$0
Funding fee$0$0$0
Note rate6.370%6.370%7.400%
Blended rate6.920%7.731%7.640%
1st payment$42.92$42.92$1,900.58
2nd payment$0.00$1,731.37$0.00
Taxes / mo$311.50$311.50$311.50
Insurance / mo$150.00$150.00$150.00
MI / mo$2.95$2.95$54.90
HOA / mo$57.50$57.50$57.50
Total monthly$564.87$2,296.24$2,474.48
Cash to close$298,584$30,500$30,500