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$265,119$265,119$328,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$63,381$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.426%7.640%
1st payment$1,685.00$1,685.00$2,274.47
2nd payment$0.00$475.36$0.00
Taxes / mo$348.92$348.92$348.92
Insurance / mo$150.00$150.00$150.00
MI / mo$122.18$122.18$65.70
HOA / mo$100.00$100.00$100.00
Total monthly$2,406.10$2,881.46$2,939.08
Cash to close$99,881$36,500$36,500