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$262,549$262,549$278,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$31,001$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.837%7.640%
1st payment$1,739.71$1,739.71$1,925.51
2nd payment$0.00$306.79$0.00
Taxes / mo$171.54$171.54$171.54
Insurance / mo$150.00$150.00$150.00
MI / mo$122.18$122.18$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,183.43$2,490.22$2,302.66
Cash to close$46,451$15,450$30,900