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$258,575$258,575$314,910
Remaining term (yrs)29.029.030.0
Secondary amount$0$56,335$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.202%7.640%
1st payment$1,609.38$1,609.38$2,180.37
2nd payment$0.00$422.51$0.00
Taxes / mo$339.27$339.27$339.27
Insurance / mo$150.00$150.00$150.00
MI / mo$119.67$119.67$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,218.32$2,640.83$2,732.62
Cash to close$91,325$34,990$34,990