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$31,297$31,297$270,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$238,703$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.737%7.560%
1st payment$223.55$223.55$1,854.71
2nd payment$0.00$1,541.62$0.00
Taxes / mo$559.00$559.00$559.00
Insurance / mo$150.00$150.00$150.00
MI / mo$14.77$14.77$54.00
HOA / mo$15.17$15.17$15.17
Total monthly$962.49$2,504.11$2,632.89
Cash to close$268,703$30,000$30,000