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$257,366$257,366$359,910
Remaining term (yrs)27.127.130.0
Secondary amount$0$102,544$0
Funding fee$0$0$0
Note rate7.490%7.490%7.400%
Blended rate8.040%8.029%7.640%
1st payment$1,847.96$1,847.96$2,491.94
2nd payment$0.00$683.63$0.00
Taxes / mo$176.42$176.42$176.42
Insurance / mo$150.00$150.00$150.00
MI / mo$121.25$121.25$71.98
HOA / mo$290.00$290.00$290.00
Total monthly$2,585.63$3,269.26$3,180.34
Cash to close$142,534$39,990$39,990