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$253,864$253,864$274,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$35,886$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%8.305%7.640%
1st payment$1,754.88$1,754.88$1,900.58
2nd payment$0.00$355.12$0.00
Taxes / mo$163.83$163.83$163.83
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,256.50$2,611.63$2,269.32
Cash to close$51,136$15,250$30,500