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$261,328$261,328$278,550
Remaining term (yrs)27.827.830.0
Secondary amount$0$32,697$0
Funding fee$0$0$0
Note rate7.100%7.100%7.320%
Blended rate7.650%8.120%7.560%
1st payment$1,794.95$1,794.95$1,913.45
2nd payment$0.00$323.57$0.00
Taxes / mo$299.67$299.67$299.67
Insurance / mo$150.00$150.00$150.00
MI / mo$122.42$122.42$55.71
HOA / mo$8.33$8.33$8.33
Total monthly$2,375.36$2,698.93$2,427.15
Cash to close$48,172$15,475$30,950