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$258,720$258,720$341,910
Remaining term (yrs)29.429.430.0
Secondary amount$0$83,190$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.660%7.229%7.560%
1st payment$1,577.27$1,577.27$2,348.68
2nd payment$0.00$623.93$0.00
Taxes / mo$284.76$284.76$284.76
Insurance / mo$150.00$150.00$150.00
MI / mo$119.17$119.17$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,131.19$2,755.12$2,851.83
Cash to close$121,180$37,990$37,990