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$263,314$263,314$405,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$141,686$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.667%7.560%
1st payment$1,529.96$1,529.96$2,782.07
2nd payment$0.00$944.58$0.00
Taxes / mo$452.50$452.50$452.50
Insurance / mo$150.00$150.00$150.00
MI / mo$199.60$199.60$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,332.05$3,276.63$3,465.57
Cash to close$186,686$45,000$45,000