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$262,526$262,526$283,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$36,724$0
Funding fee$0$0$0
Note rate7.060%7.060%7.320%
Blended rate7.610%8.133%7.560%
1st payment$1,797.97$1,797.97$1,947.45
2nd payment$0.00$363.41$0.00
Taxes / mo$312.75$312.75$312.75
Insurance / mo$150.00$150.00$150.00
MI / mo$123.12$123.12$56.70
HOA / mo$30.00$30.00$30.00
Total monthly$2,413.84$2,777.25$2,496.90
Cash to close$52,474$15,750$31,500