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$267,015$267,015$337,410
Remaining term (yrs)26.126.130.0
Secondary amount$0$70,395$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.386%7.640%
1st payment$1,703.56$1,703.56$2,336.16
2nd payment$0.00$527.96$0.00
Taxes / mo$133.75$133.75$133.75
Insurance / mo$150.00$150.00$150.00
MI / mo$198.91$198.91$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,186.23$2,714.19$2,687.39
Cash to close$107,885$37,490$37,490