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$253,687$253,687$269,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$30,363$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.780%7.560%
1st payment$1,687.74$1,687.74$1,848.53
2nd payment$0.00$300.47$0.00
Taxes / mo$219.50$219.50$219.50
Insurance / mo$150.00$150.00$150.00
MI / mo$119.39$119.39$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,176.62$2,477.09$2,271.85
Cash to close$45,313$14,950$29,900