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$12,102$12,102$278,955
Remaining term (yrs)25.325.330.0
Secondary amount$0$266,853$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate6.700%7.704%7.560%
1st payment$78.44$78.44$1,916.23
2nd payment$0.00$1,723.42$0.00
Taxes / mo$568.81$568.81$568.81
Insurance / mo$150.00$150.00$150.00
MI / mo$5.83$5.83$55.79
HOA / mo$0.00$0.00$0.00
Total monthly$803.08$2,526.50$2,690.83
Cash to close$297,848$30,995$30,995