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$8,987$8,987$242,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$233,113$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.734%7.640%
1st payment$61.46$61.46$1,676.25
2nd payment$0.00$1,505.52$0.00
Taxes / mo$235.67$235.67$235.67
Insurance / mo$150.00$150.00$150.00
MI / mo$4.19$4.19$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$451.31$1,956.84$2,110.34
Cash to close$260,013$26,900$26,900