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$22,513$22,513$277,200
Remaining term (yrs)5.45.430.0
Secondary amount$0$254,687$0
Funding fee$0$0$0
Note rate6.830%6.830%7.400%
Blended rate7.680%7.744%7.640%
1st payment$405.08$405.08$1,919.28
2nd payment$0.00$1,644.86$0.00
Taxes / mo$256.67$256.67$256.67
Insurance / mo$150.00$150.00$150.00
MI / mo$43.88$43.88$55.44
HOA / mo$0.00$0.00$0.00
Total monthly$855.63$2,500.48$2,381.38
Cash to close$285,487$30,800$30,800