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$10,416$10,416$261,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$250,584$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.728%7.640%
1st payment$69.59$69.59$1,807.11
2nd payment$0.00$1,618.36$0.00
Taxes / mo$292.17$292.17$292.17
Insurance / mo$150.00$150.00$150.00
MI / mo$4.86$4.86$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$516.62$2,134.97$2,301.48
Cash to close$279,584$29,000$29,000