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$260,384$260,384$611,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$351,526$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.460%7.627%7.640%
1st payment$1,747.45$1,747.45$4,236.74
2nd payment$0.00$2,270.27$0.00
Taxes / mo$227.25$227.25$227.25
Insurance / mo$166.67$166.67$166.67
MI / mo$121.48$121.48$122.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,262.85$4,533.12$4,753.04
Cash to close$419,516$67,990$67,990