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$5,906$5,906$251,910
Remaining term (yrs)1.91.930.0
Secondary amount$0$246,004$0
Funding fee$0$0$0
Note rate7.000%7.000%7.400%
Blended rate7.850%7.752%7.640%
1st payment$254.55$254.55$1,744.17
2nd payment$0.00$1,588.78$0.00
Taxes / mo$213.92$213.92$213.92
Insurance / mo$150.00$150.00$150.00
MI / mo$27.10$27.10$50.38
HOA / mo$95.00$95.00$95.00
Total monthly$740.57$2,329.35$2,253.47
Cash to close$273,994$27,990$27,990