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$255,416$255,416$386,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$130,684$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.960%7.312%7.560%
1st payment$1,629.56$1,629.56$2,652.24
2nd payment$0.00$871.23$0.00
Taxes / mo$413.35$413.35$413.35
Insurance / mo$150.00$150.00$150.00
MI / mo$190.27$190.27$77.22
HOA / mo$38.33$38.33$38.33
Total monthly$2,421.51$3,292.74$3,331.14
Cash to close$173,584$42,900$42,900