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$263,779$263,779$476,910
Remaining term (yrs)29.429.430.0
Secondary amount$0$213,131$0
Funding fee$0$0$0
Note rate6.010%6.010%7.400%
Blended rate6.560%7.092%7.640%
1st payment$1,591.17$1,591.17$3,302.03
2nd payment$0.00$1,376.47$0.00
Taxes / mo$190.75$190.75$190.75
Insurance / mo$166.67$166.67$166.67
MI / mo$121.51$121.51$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,070.09$3,446.57$3,754.83
Cash to close$266,121$52,990$52,990