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$2,211$2,211$265,500
Remaining term (yrs)38.938.930.0
Secondary amount$0$263,289$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.746%7.640%
1st payment$13.44$13.44$1,838.27
2nd payment$0.00$1,700.41$0.00
Taxes / mo$484.85$484.85$484.85
Insurance / mo$150.00$150.00$150.00
MI / mo$1.02$1.02$53.10
HOA / mo$86.67$86.67$86.67
Total monthly$735.97$2,436.38$2,612.88
Cash to close$292,789$29,500$29,500