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$253,280$253,280$292,410
Remaining term (yrs)26.326.330.0
Secondary amount$0$39,130$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.112%7.560%
1st payment$1,635.16$1,635.16$2,008.65
2nd payment$0.00$293.47$0.00
Taxes / mo$305.77$305.77$305.77
Insurance / mo$150.00$150.00$150.00
MI / mo$121.46$121.46$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,212.39$2,505.87$2,522.90
Cash to close$71,620$32,490$32,490