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$22,765$22,765$265,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$242,735$0
Funding fee$0$0$0
Note rate6.140%6.140%7.320%
Blended rate6.690%7.659%7.560%
1st payment$143.03$143.03$1,823.80
2nd payment$0.00$1,567.66$0.00
Taxes / mo$682.67$682.67$682.67
Insurance / mo$150.00$150.00$150.00
MI / mo$10.77$10.77$53.10
HOA / mo$210.67$210.67$210.67
Total monthly$1,197.14$2,764.80$2,920.24
Cash to close$272,235$29,500$29,500