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$6,056$6,056$258,210
Remaining term (yrs)22.222.230.0
Secondary amount$0$252,154$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%7.661%7.560%
1st payment$31.34$31.34$1,773.72
2nd payment$0.00$1,628.50$0.00
Taxes / mo$225.25$225.25$225.25
Insurance / mo$150.00$150.00$150.00
MI / mo$4.87$4.87$51.64
HOA / mo$282.00$282.00$282.00
Total monthly$693.45$2,321.95$2,482.61
Cash to close$280,844$28,690$28,690