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$265,077$265,077$299,475
Remaining term (yrs)27.927.930.0
Secondary amount$0$34,398$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.274%7.640%
1st payment$1,713.30$1,713.30$2,073.50
2nd payment$0.00$257.98$0.00
Taxes / mo$249.32$249.32$249.32
Insurance / mo$150.00$150.00$150.00
MI / mo$124.24$124.24$59.90
HOA / mo$153.00$153.00$153.00
Total monthly$2,389.86$2,647.84$2,685.72
Cash to close$67,673$33,275$33,275