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$11,823$11,823$270,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$258,177$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%7.751%7.560%
1st payment$85.96$85.96$1,854.71
2nd payment$0.00$1,667.39$0.00
Taxes / mo$406.62$406.62$406.62
Insurance / mo$150.00$150.00$150.00
MI / mo$5.61$5.61$54.00
HOA / mo$133.33$133.33$133.33
Total monthly$781.52$2,448.91$2,598.66
Cash to close$288,177$30,000$30,000