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$250,850$250,850$332,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$82,060$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.561%7.560%
1st payment$1,658.44$1,658.44$2,286.86
2nd payment$0.00$615.45$0.00
Taxes / mo$366.90$366.90$366.90
Insurance / mo$150.00$150.00$150.00
MI / mo$119.76$119.76$66.58
HOA / mo$186.00$186.00$186.00
Total monthly$2,481.09$3,096.54$3,056.34
Cash to close$119,050$36,990$36,990