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$256,833$256,833$274,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$32,917$0
Funding fee$0$0$0
Note rate6.290%6.290%7.400%
Blended rate7.140%7.678%7.640%
1st payment$1,669.58$1,669.58$1,900.58
2nd payment$0.00$325.74$0.00
Taxes / mo$361.08$361.08$361.08
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,371.93$2,697.68$2,466.57
Cash to close$48,167$15,250$30,500