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$10,836$10,836$260,991
Remaining term (yrs)17.317.330.0
Secondary amount$0$250,155$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%7.594%7.640%
1st payment$67.37$67.37$1,807.05
2nd payment$0.00$1,615.59$0.00
Taxes / mo$211.83$211.83$211.83
Insurance / mo$150.00$150.00$150.00
MI / mo$9.09$9.09$52.20
HOA / mo$25.83$25.83$25.83
Total monthly$464.13$2,079.71$2,246.91
Cash to close$279,154$28,999$28,999