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$267,308$267,308$355,950
Remaining term (yrs)29.129.130.0
Secondary amount$0$88,642$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.385%7.640%
1st payment$1,668.98$1,668.98$2,464.53
2nd payment$0.00$664.81$0.00
Taxes / mo$329.58$329.58$329.58
Insurance / mo$150.00$150.00$150.00
MI / mo$123.58$123.58$71.19
HOA / mo$398.00$398.00$398.00
Total monthly$2,670.15$3,334.96$3,413.30
Cash to close$128,192$39,550$39,550