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$265,453$265,453$283,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$33,797$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.870%7.640%
1st payment$1,755.65$1,755.65$1,962.90
2nd payment$0.00$334.45$0.00
Taxes / mo$312.33$312.33$312.33
Insurance / mo$150.00$150.00$150.00
MI / mo$123.30$123.30$56.70
HOA / mo$16.92$16.92$16.92
Total monthly$2,358.20$2,692.65$2,498.85
Cash to close$49,547$15,750$31,500