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$5,666$5,666$247,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$241,834$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%7.665%7.640%
1st payment$33.25$33.25$1,713.64
2nd payment$0.00$1,561.84$0.00
Taxes / mo$371.25$371.25$371.25
Insurance / mo$150.00$150.00$150.00
MI / mo$4.87$4.87$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$559.37$2,121.21$2,284.39
Cash to close$269,334$27,500$27,500