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$9,457$9,457$260,910
Remaining term (yrs)2.02.030.0
Secondary amount$0$251,453$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.510%7.741%7.560%
1st payment$391.62$391.62$1,792.27
2nd payment$0.00$1,623.97$0.00
Taxes / mo$196.58$196.58$196.58
Insurance / mo$150.00$150.00$150.00
MI / mo$43.17$43.17$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$781.37$2,405.34$2,191.04
Cash to close$280,443$28,990$28,990