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$251,206$251,206$269,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$32,844$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.608%7.640%
1st payment$1,623.64$1,623.64$1,863.19
2nd payment$0.00$325.02$0.00
Taxes / mo$260.00$260.00$260.00
Insurance / mo$150.00$150.00$150.00
MI / mo$117.74$117.74$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,151.38$2,476.40$2,327.02
Cash to close$47,794$14,950$29,900