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$14,290$14,290$270,000
Remaining term (yrs)2.32.330.0
Secondary amount$0$255,710$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.620%7.743%7.640%
1st payment$535.54$535.54$1,869.43
2nd payment$0.00$1,651.46$0.00
Taxes / mo$361.92$361.92$361.92
Insurance / mo$150.00$150.00$150.00
MI / mo$58.37$58.37$54.00
HOA / mo$21.67$21.67$21.67
Total monthly$1,127.49$2,778.96$2,457.01
Cash to close$285,710$30,000$30,000