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$255,298$255,298$360,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$104,702$0
Funding fee$0$0$0
Note rate6.330%6.330%7.320%
Blended rate6.880%7.206%7.560%
1st payment$1,657.83$1,657.83$2,472.95
2nd payment$0.00$698.01$0.00
Taxes / mo$64.58$64.58$64.58
Insurance / mo$150.00$150.00$150.00
MI / mo$122.37$122.37$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,994.79$2,692.80$2,759.53
Cash to close$144,702$40,000$40,000