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$261,334$261,334$449,100
Remaining term (yrs)29.529.530.0
Secondary amount$0$187,766$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate6.910%7.366%7.640%
1st payment$1,633.94$1,633.94$3,109.48
2nd payment$0.00$1,251.78$0.00
Taxes / mo$121.42$121.42$121.42
Insurance / mo$166.67$166.67$166.67
MI / mo$120.23$120.23$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,042.25$3,294.03$3,487.38
Cash to close$237,666$49,900$49,900