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$256,520$256,520$274,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$33,230$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.851%7.640%
1st payment$1,727.76$1,727.76$1,900.58
2nd payment$0.00$328.83$0.00
Taxes / mo$279.00$279.00$279.00
Insurance / mo$150.00$150.00$150.00
MI / mo$121.72$121.72$54.90
HOA / mo$150.00$150.00$150.00
Total monthly$2,428.48$2,757.31$2,534.48
Cash to close$48,480$15,250$30,500