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$36,847$36,847$269,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$233,152$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.672%7.560%
1st payment$245.73$245.73$1,854.71
2nd payment$0.00$1,505.77$0.00
Taxes / mo$463.83$463.83$463.83
Insurance / mo$150.00$150.00$150.00
MI / mo$17.18$17.18$54.00
HOA / mo$24.00$24.00$24.00
Total monthly$900.74$2,406.51$2,546.54
Cash to close$263,152$30,000$30,000