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$263,080$263,080$274,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$26,670$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.785%7.640%
1st payment$1,763.92$1,763.92$1,900.58
2nd payment$0.00$263.92$0.00
Taxes / mo$143.70$143.70$143.70
Insurance / mo$150.00$150.00$150.00
MI / mo$123.76$123.76$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,181.38$2,445.29$2,249.18
Cash to close$41,920$15,250$30,500