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$6,358$6,358$258,300
Remaining term (yrs)25.525.530.0
Secondary amount$0$251,942$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.743%7.640%
1st payment$44.22$44.22$1,788.42
2nd payment$0.00$1,627.13$0.00
Taxes / mo$405.50$405.50$405.50
Insurance / mo$150.00$150.00$150.00
MI / mo$2.97$2.97$51.66
HOA / mo$0.00$0.00$0.00
Total monthly$602.69$2,229.81$2,395.58
Cash to close$280,642$28,700$28,700