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$258,063$258,063$439,200
Remaining term (yrs)27.627.630.0
Secondary amount$0$181,137$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.659%7.560%
1st payment$1,736.95$1,736.95$3,017.00
2nd payment$0.00$1,207.58$0.00
Taxes / mo$418.81$418.81$418.81
Insurance / mo$166.67$166.67$166.67
MI / mo$121.25$121.25$87.84
HOA / mo$57.00$57.00$57.00
Total monthly$2,500.67$3,708.25$3,747.31
Cash to close$229,937$48,800$48,800