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$269,416$269,416$355,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$86,084$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.522%7.640%
1st payment$1,737.73$1,737.73$2,461.41
2nd payment$0.00$645.63$0.00
Taxes / mo$322.08$322.08$322.08
Insurance / mo$150.00$150.00$150.00
MI / mo$126.01$126.01$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,335.82$2,981.45$3,004.59
Cash to close$125,584$39,500$39,500