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$6,287$6,287$269,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$262,813$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%7.695%7.640%
1st payment$37.74$37.74$1,863.19
2nd payment$0.00$1,697.34$0.00
Taxes / mo$249.17$249.17$249.17
Insurance / mo$150.00$150.00$150.00
MI / mo$5.26$5.26$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$442.17$2,139.50$2,316.18
Cash to close$292,713$29,900$29,900