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$12,788$12,788$251,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$239,122$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.552%7.640%
1st payment$64.69$64.69$1,744.17
2nd payment$0.00$1,544.33$0.00
Taxes / mo$371.08$371.08$371.08
Insurance / mo$150.00$150.00$150.00
MI / mo$10.41$10.41$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$596.18$2,140.51$2,315.64
Cash to close$267,112$27,990$27,990