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$6,076$6,076$233,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$227,834$0
Funding fee$0$0$0
Note rate4.050%4.050%7.400%
Blended rate4.900%7.676%7.640%
1st payment$36.02$36.02$1,619.55
2nd payment$0.00$1,471.43$0.00
Taxes / mo$166.92$166.92$166.92
Insurance / mo$150.00$150.00$150.00
MI / mo$5.31$5.31$46.78
HOA / mo$260.00$260.00$260.00
Total monthly$618.25$2,089.68$2,243.24
Cash to close$253,824$25,990$25,990