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$264,395$264,395$283,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$34,855$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.736%7.560%
1st payment$1,743.68$1,743.68$1,947.45
2nd payment$0.00$344.92$0.00
Taxes / mo$343.32$343.32$343.32
Insurance / mo$150.00$150.00$150.00
MI / mo$124.62$124.62$56.70
HOA / mo$73.33$73.33$73.33
Total monthly$2,434.95$2,779.87$2,570.80
Cash to close$50,605$15,750$31,500