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$21,080$21,080$251,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$230,919$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.722%7.560%
1st payment$149.99$149.99$1,731.06
2nd payment$0.00$1,491.35$0.00
Taxes / mo$392.64$392.64$392.64
Insurance / mo$150.00$150.00$150.00
MI / mo$9.99$9.99$50.40
HOA / mo$332.00$332.00$332.00
Total monthly$1,034.61$2,525.97$2,656.09
Cash to close$258,919$28,000$28,000