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$263,825$263,825$301,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$37,585$0
Funding fee$0$0$0
Note rate5.780%5.780%7.320%
Blended rate6.630%6.926%7.560%
1st payment$1,638.39$1,638.39$2,070.48
2nd payment$0.00$281.89$0.00
Taxes / mo$649.42$649.42$649.42
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$60.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,636.02$2,917.91$2,930.18
Cash to close$71,075$33,490$33,490