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$253,742$253,742$265,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,508$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%8.013%7.640%
1st payment$1,734.49$1,734.49$1,838.27
2nd payment$0.00$262.32$0.00
Taxes / mo$313.17$313.17$313.17
Insurance / mo$150.00$150.00$150.00
MI / mo$118.77$118.77$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,316.43$2,578.75$2,354.54
Cash to close$41,258$14,750$29,500