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$6,310$6,310$277,200
Remaining term (yrs)24.824.830.0
Secondary amount$0$270,890$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.742%7.640%
1st payment$44.01$44.01$1,919.28
2nd payment$0.00$1,749.49$0.00
Taxes / mo$212.50$212.50$212.50
Insurance / mo$150.00$150.00$150.00
MI / mo$2.94$2.94$55.44
HOA / mo$0.00$0.00$0.00
Total monthly$409.45$2,158.95$2,337.22
Cash to close$301,690$30,800$30,800