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$10,416$10,416$256,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$246,084$0
Funding fee$0$0$0
Note rate6.650%6.650%7.240%
Blended rate7.200%7.728%7.480%
1st payment$69.59$69.59$1,748.04
2nd payment$0.00$1,589.29$0.00
Taxes / mo$292.17$292.17$292.17
Insurance / mo$150.00$150.00$150.00
MI / mo$4.86$4.86$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$516.62$2,105.91$2,241.51
Cash to close$274,584$28,500$28,500