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$264,341$264,341$288,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$39,659$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.619%7.560%
1st payment$1,725.09$1,725.09$1,978.36
2nd payment$0.00$392.46$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$150.00$150.00$150.00
MI / mo$126.01$126.01$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,163.60$2,556.06$2,348.46
Cash to close$55,659$16,000$32,000