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$12,005$12,005$244,800
Remaining term (yrs)18.818.830.0
Secondary amount$0$232,795$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%7.555%7.560%
1st payment$68.95$68.95$1,681.61
2nd payment$0.00$1,503.47$0.00
Taxes / mo$244.00$244.00$244.00
Insurance / mo$150.00$150.00$150.00
MI / mo$10.09$10.09$48.96
HOA / mo$0.00$0.00$0.00
Total monthly$473.04$1,976.51$2,124.57
Cash to close$259,995$27,200$27,200