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$9,568$9,568$260,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$251,342$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.716%7.640%
1st payment$61.64$61.64$1,806.49
2nd payment$0.00$1,623.25$0.00
Taxes / mo$241.58$241.58$241.58
Insurance / mo$150.00$150.00$150.00
MI / mo$4.58$4.58$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$457.80$2,081.05$2,250.25
Cash to close$280,332$28,990$28,990