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$256,987$256,987$288,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$31,013$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.492%7.640%
1st payment$1,691.20$1,691.20$1,994.05
2nd payment$0.00$232.60$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$119.39$119.39$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,227.25$2,459.85$2,468.32
Cash to close$63,013$32,000$32,000