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$257,667$257,667$359,999
Remaining term (yrs)28.528.530.0
Secondary amount$0$102,332$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.427%7.640%
1st payment$1,678.72$1,678.72$2,492.56
2nd payment$0.00$682.21$0.00
Taxes / mo$142.58$142.58$142.58
Insurance / mo$150.00$150.00$150.00
MI / mo$119.85$119.85$72.00
HOA / mo$40.00$40.00$40.00
Total monthly$2,131.16$2,813.37$2,897.14
Cash to close$142,332$40,000$40,000