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$252,732$252,732$269,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$31,318$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%7.333%7.560%
1st payment$1,564.91$1,564.91$1,848.53
2nd payment$0.00$309.92$0.00
Taxes / mo$136.08$136.08$136.08
Insurance / mo$150.00$150.00$150.00
MI / mo$116.86$116.86$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,967.85$2,277.77$2,188.43
Cash to close$46,268$14,950$29,900