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$31,126$31,126$270,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$238,874$0
Funding fee$0$0$0
Note rate6.750%6.750%7.320%
Blended rate7.300%7.698%7.560%
1st payment$226.63$226.63$1,854.71
2nd payment$0.00$1,542.72$0.00
Taxes / mo$178.00$178.00$178.00
Insurance / mo$150.00$150.00$150.00
MI / mo$14.54$14.54$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$569.17$2,111.90$2,236.71
Cash to close$268,874$30,000$30,000