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$39,003$39,003$247,500
Remaining term (yrs)38.338.330.0
Secondary amount$0$208,497$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.693%7.560%
1st payment$239.66$239.66$1,700.15
2nd payment$0.00$1,346.54$0.00
Taxes / mo$364.33$364.33$364.33
Insurance / mo$150.00$150.00$150.00
MI / mo$18.01$18.01$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$772.01$2,118.55$2,263.99
Cash to close$235,997$27,500$27,500