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$5,951$5,951$260,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$254,149$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.737%7.640%
1st payment$40.61$40.61$1,800.88
2nd payment$0.00$1,641.38$0.00
Taxes / mo$150.50$150.50$150.50
Insurance / mo$150.00$150.00$150.00
MI / mo$2.77$2.77$52.02
HOA / mo$610.00$610.00$610.00
Total monthly$953.88$2,595.26$2,763.40
Cash to close$283,049$28,900$28,900