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$255,079$255,079$400,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$145,421$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.550%7.076%7.640%
1st payment$1,538.63$1,538.63$2,772.98
2nd payment$0.00$969.47$0.00
Taxes / mo$204.50$204.50$204.50
Insurance / mo$150.00$150.00$150.00
MI / mo$117.62$117.62$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,010.76$2,980.23$3,207.58
Cash to close$189,921$44,500$44,500