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$263,991$263,991$290,700
Remaining term (yrs)27.827.830.0
Secondary amount$0$26,709$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.611%7.640%
1st payment$1,781.96$1,781.96$2,012.75
2nd payment$0.00$200.32$0.00
Taxes / mo$269.17$269.17$269.17
Insurance / mo$150.00$150.00$150.00
MI / mo$123.76$123.76$58.14
HOA / mo$0.00$0.00$0.00
Total monthly$2,324.88$2,525.20$2,490.05
Cash to close$59,009$32,300$32,300