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$268,404$268,404$296,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$28,506$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.029%7.560%
1st payment$1,726.49$1,726.49$2,039.57
2nd payment$0.00$213.79$0.00
Taxes / mo$365.42$365.42$365.42
Insurance / mo$150.00$150.00$150.00
MI / mo$128.25$128.25$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,370.16$2,583.95$2,614.36
Cash to close$61,496$32,990$32,990