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$14,644$14,644$279,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$264,356$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.721%7.560%
1st payment$102.34$102.34$1,916.54
2nd payment$0.00$1,707.30$0.00
Taxes / mo$572.50$572.50$572.50
Insurance / mo$150.00$150.00$150.00
MI / mo$6.85$6.85$55.80
HOA / mo$9.83$9.83$9.83
Total monthly$841.52$2,548.82$2,704.67
Cash to close$295,356$31,000$31,000