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$262,312$262,312$382,455
Remaining term (yrs)28.028.030.0
Secondary amount$0$120,143$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.582%7.560%
1st payment$1,751.70$1,751.70$2,627.20
2nd payment$0.00$800.95$0.00
Taxes / mo$743.23$743.23$743.23
Insurance / mo$150.00$150.00$150.00
MI / mo$122.65$122.65$76.49
HOA / mo$11.00$11.00$11.00
Total monthly$2,778.58$3,579.53$3,607.92
Cash to close$162,638$42,495$42,495