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$259,652$259,652$269,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$25,253$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.733%7.640%
1st payment$1,735.96$1,735.96$1,868.80
2nd payment$0.00$249.90$0.00
Taxes / mo$310.92$310.92$310.92
Insurance / mo$150.00$150.00$150.00
MI / mo$122.30$122.30$53.98
HOA / mo$110.00$110.00$110.00
Total monthly$2,429.17$2,679.07$2,493.70
Cash to close$40,248$14,995$29,990