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$30,346$30,346$261,000
Remaining term (yrs)3.73.730.0
Secondary amount$0$230,654$0
Funding fee$0$0$0
Note rate8.620%8.620%7.320%
Blended rate9.470%7.950%7.560%
1st payment$777.04$777.04$1,792.89
2nd payment$0.00$1,489.64$0.00
Taxes / mo$120.33$120.33$120.33
Insurance / mo$150.00$150.00$150.00
MI / mo$70.80$70.80$52.20
HOA / mo$200.00$200.00$200.00
Total monthly$1,318.17$2,807.81$2,315.42
Cash to close$259,654$29,000$29,000