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$265,953$265,953$315,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$49,047$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.624%7.560%
1st payment$1,781.37$1,781.37$2,163.83
2nd payment$0.00$367.85$0.00
Taxes / mo$287.67$287.67$287.67
Insurance / mo$150.00$150.00$150.00
MI / mo$124.98$124.98$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,344.02$2,711.87$2,664.50
Cash to close$84,047$35,000$35,000