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$27,722$27,722$282,600
Remaining term (yrs)23.923.930.0
Secondary amount$0$254,878$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.725%7.640%
1st payment$198.10$198.10$1,956.67
2nd payment$0.00$1,646.09$0.00
Taxes / mo$677.10$677.10$677.10
Insurance / mo$150.00$150.00$150.00
MI / mo$13.09$13.09$56.52
HOA / mo$12.50$12.50$12.50
Total monthly$1,050.79$2,696.88$2,852.78
Cash to close$286,278$31,400$31,400