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$6,896$6,896$252,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$245,104$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%7.642%7.640%
1st payment$33.92$33.92$1,744.80
2nd payment$0.00$1,582.96$0.00
Taxes / mo$455.98$455.98$455.98
Insurance / mo$150.00$150.00$150.00
MI / mo$5.60$5.60$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$645.50$2,228.46$2,401.17
Cash to close$273,104$28,000$28,000