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$266,152$266,152$332,999
Remaining term (yrs)26.926.930.0
Secondary amount$0$66,848$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.913%7.640%
1st payment$1,844.39$1,844.39$2,305.62
2nd payment$0.00$501.36$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$125.92$125.92$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,428.64$2,929.99$2,830.55
Cash to close$103,847$37,000$37,000