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$33,735$33,735$261,000
Remaining term (yrs)14.514.530.0
Secondary amount$0$227,265$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.730%7.489%7.640%
1st payment$268.76$268.76$1,807.11
2nd payment$0.00$1,467.75$0.00
Taxes / mo$77.83$77.83$77.83
Insurance / mo$150.00$150.00$150.00
MI / mo$35.95$35.95$52.20
HOA / mo$136.00$136.00$136.00
Total monthly$668.54$2,136.30$2,223.14
Cash to close$256,265$29,000$29,000