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$268,129$268,129$303,210
Remaining term (yrs)27.827.830.0
Secondary amount$0$35,081$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.674%7.560%
1st payment$1,815.17$1,815.17$2,082.84
2nd payment$0.00$263.11$0.00
Taxes / mo$273.42$273.42$273.42
Insurance / mo$150.00$150.00$150.00
MI / mo$125.68$125.68$60.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,364.27$2,627.38$2,566.90
Cash to close$68,771$33,690$33,690