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$255,385$255,385$286,110
Remaining term (yrs)21.021.030.0
Secondary amount$0$30,725$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%6.983%7.560%
1st payment$1,761.36$1,761.36$1,965.38
2nd payment$0.00$230.44$0.00
Taxes / mo$426.03$426.03$426.03
Insurance / mo$150.00$150.00$150.00
MI / mo$195.68$195.68$57.22
HOA / mo$71.33$71.33$71.33
Total monthly$2,604.40$2,834.83$2,669.96
Cash to close$62,515$31,790$31,790