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$261,251$261,251$301,499
Remaining term (yrs)25.625.630.0
Secondary amount$0$40,248$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.357%7.640%
1st payment$1,520.35$1,520.35$2,087.52
2nd payment$0.00$301.86$0.00
Taxes / mo$352.42$352.42$352.42
Insurance / mo$150.00$150.00$150.00
MI / mo$198.34$198.34$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,221.11$2,522.97$2,650.24
Cash to close$73,748$33,500$33,500