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$28,276$28,276$287,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$259,634$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.725%7.640%
1st payment$193.77$193.77$1,993.43
2nd payment$0.00$1,676.81$0.00
Taxes / mo$240.17$240.17$240.17
Insurance / mo$150.00$150.00$150.00
MI / mo$13.28$13.28$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$597.21$2,274.02$2,441.18
Cash to close$291,624$31,990$31,990