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$259,132$259,132$277,200
Remaining term (yrs)26.626.630.0
Secondary amount$0$33,468$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.398%7.640%
1st payment$1,666.85$1,666.85$1,919.28
2nd payment$0.00$331.19$0.00
Taxes / mo$170.24$170.24$170.24
Insurance / mo$150.00$150.00$150.00
MI / mo$123.82$123.82$55.44
HOA / mo$0.00$0.00$0.00
Total monthly$2,110.90$2,442.09$2,294.95
Cash to close$48,868$15,400$30,800