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$253,550$253,550$279,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$25,450$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%5.374%7.640%
1st payment$1,340.76$1,340.76$1,931.74
2nd payment$0.00$190.88$0.00
Taxes / mo$392.10$392.10$392.10
Insurance / mo$150.00$150.00$150.00
MI / mo$195.14$195.14$55.80
HOA / mo$17.08$17.08$17.08
Total monthly$2,095.07$2,285.95$2,546.71
Cash to close$56,450$31,000$31,000