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$253,570$253,570$297,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$43,430$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.369%7.640%
1st payment$1,676.42$1,676.42$2,056.37
2nd payment$0.00$325.73$0.00
Taxes / mo$357.75$357.75$357.75
Insurance / mo$150.00$150.00$150.00
MI / mo$121.06$121.06$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,305.22$2,630.95$2,623.52
Cash to close$76,430$33,000$33,000