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$260,324$260,324$289,800
Remaining term (yrs)28.128.130.0
Secondary amount$0$29,476$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.509%7.640%
1st payment$1,728.21$1,728.21$2,006.52
2nd payment$0.00$221.07$0.00
Taxes / mo$173.42$173.42$173.42
Insurance / mo$150.00$150.00$150.00
MI / mo$121.63$121.63$57.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,173.25$2,394.32$2,387.89
Cash to close$61,676$32,200$32,200