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$15,589$15,589$279,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$263,411$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.719%7.640%
1st payment$107.29$107.29$1,931.74
2nd payment$0.00$1,701.20$0.00
Taxes / mo$599.42$599.42$599.42
Insurance / mo$150.00$150.00$150.00
MI / mo$7.49$7.49$55.80
HOA / mo$16.67$16.67$16.67
Total monthly$880.86$2,582.06$2,753.63
Cash to close$294,411$31,000$31,000