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$266,553$266,553$292,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$25,947$0
Funding fee$0$0$0
Note rate6.210%6.210%7.400%
Blended rate6.760%6.959%7.640%
1st payment$1,643.84$1,643.84$2,025.21
2nd payment$0.00$194.60$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$122.88$122.88$58.50
HOA / mo$235.00$235.00$235.00
Total monthly$2,422.55$2,617.16$2,739.54
Cash to close$58,447$32,500$32,500