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$9,196$9,196$255,600
Remaining term (yrs)27.127.130.0
Secondary amount$0$246,404$0
Funding fee$0$0$0
Note rate6.080%6.080%7.320%
Blended rate6.630%7.710%7.560%
1st payment$57.63$57.63$1,755.79
2nd payment$0.00$1,591.36$0.00
Taxes / mo$464.08$464.08$464.08
Insurance / mo$150.00$150.00$150.00
MI / mo$4.32$4.32$51.12
HOA / mo$0.00$0.00$0.00
Total monthly$676.03$2,267.39$2,421.00
Cash to close$274,804$28,400$28,400