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$263,488$263,488$296,910
Remaining term (yrs)29.429.430.0
Secondary amount$0$33,422$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.660%6.923%7.640%
1st payment$1,607.95$1,607.95$2,055.74
2nd payment$0.00$250.67$0.00
Taxes / mo$341.83$341.83$341.83
Insurance / mo$150.00$150.00$150.00
MI / mo$121.48$121.48$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,221.27$2,471.93$2,606.96
Cash to close$66,412$32,990$32,990