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$260,577$260,577$292,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$31,923$0
Funding fee$0$0$0
Note rate4.670%4.670%7.320%
Blended rate5.520%5.900%7.560%
1st payment$1,453.48$1,453.48$2,009.27
2nd payment$0.00$239.42$0.00
Taxes / mo$658.75$658.75$658.75
Insurance / mo$150.00$150.00$150.00
MI / mo$199.20$199.20$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,461.43$2,700.85$2,876.52
Cash to close$64,423$32,500$32,500