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$262,567$262,567$287,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$25,343$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.559%7.640%
1st payment$1,763.74$1,763.74$1,993.43
2nd payment$0.00$190.07$0.00
Taxes / mo$359.67$359.67$359.67
Insurance / mo$150.00$150.00$150.00
MI / mo$123.12$123.12$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,396.53$2,586.60$2,560.68
Cash to close$57,333$31,990$31,990