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$32,467$32,467$256,500
Remaining term (yrs)6.26.230.0
Secondary amount$0$224,033$0
Funding fee$0$0$0
Note rate6.040%6.040%7.320%
Blended rate6.890%7.641%7.560%
1st payment$515.16$515.16$1,761.98
2nd payment$0.00$1,446.88$0.00
Taxes / mo$42.10$42.10$42.10
Insurance / mo$150.00$150.00$150.00
MI / mo$60.60$60.60$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$767.86$2,214.74$2,005.37
Cash to close$252,533$28,500$28,500