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$266,641$266,641$292,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$25,859$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.396%7.560%
1st payment$1,770.85$1,770.85$2,009.27
2nd payment$0.00$193.94$0.00
Taxes / mo$303.45$303.45$303.45
Insurance / mo$150.00$150.00$150.00
MI / mo$125.91$125.91$58.50
HOA / mo$23.42$23.42$23.42
Total monthly$2,373.63$2,567.57$2,544.64
Cash to close$58,359$32,500$32,500