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$261,097$261,097$305,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$44,813$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.336%7.560%
1st payment$1,687.57$1,687.57$2,101.39
2nd payment$0.00$336.10$0.00
Taxes / mo$161.82$161.82$161.82
Insurance / mo$150.00$150.00$150.00
MI / mo$122.37$122.37$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,121.76$2,457.86$2,474.39
Cash to close$78,803$33,990$33,990