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$257,927$257,927$309,150
Remaining term (yrs)26.526.530.0
Secondary amount$0$51,223$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.173%7.640%
1st payment$1,659.48$1,659.48$2,140.49
2nd payment$0.00$384.17$0.00
Taxes / mo$373.17$373.17$373.17
Insurance / mo$150.00$150.00$150.00
MI / mo$123.40$123.40$61.83
HOA / mo$0.00$0.00$0.00
Total monthly$2,306.04$2,690.22$2,725.49
Cash to close$85,573$34,350$34,350