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$19,348$19,348$257,850
Remaining term (yrs)5.15.130.0
Secondary amount$0$238,502$0
Funding fee$0$0$0
Note rate6.800%6.800%7.320%
Blended rate7.650%7.742%7.560%
1st payment$366.04$366.04$1,771.25
2nd payment$0.00$1,540.33$0.00
Taxes / mo$238.75$238.75$238.75
Insurance / mo$150.00$150.00$150.00
MI / mo$39.77$39.77$51.57
HOA / mo$350.00$350.00$350.00
Total monthly$1,144.56$2,684.89$2,561.57
Cash to close$267,152$28,650$28,650