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$5,220$5,220$269,550
Remaining term (yrs)25.425.430.0
Secondary amount$0$264,330$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.744%7.640%
1st payment$36.15$36.15$1,866.31
2nd payment$0.00$1,707.13$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$150.00$150.00$150.00
MI / mo$2.44$2.44$53.91
HOA / mo$0.00$0.00$0.00
Total monthly$356.25$2,063.39$2,237.89
Cash to close$294,280$29,950$29,950