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$259,258$259,258$337,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$78,242$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.980%7.640%
1st payment$1,569.09$1,569.09$2,336.78
2nd payment$0.00$586.81$0.00
Taxes / mo$249.33$249.33$249.33
Insurance / mo$150.00$150.00$150.00
MI / mo$195.32$195.32$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,163.74$2,750.55$2,803.61
Cash to close$115,742$37,500$37,500