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$257,060$257,060$297,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$39,940$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.360%7.640%
1st payment$1,486.72$1,486.72$2,056.37
2nd payment$0.00$299.55$0.00
Taxes / mo$382.08$382.08$382.08
Insurance / mo$150.00$150.00$150.00
MI / mo$193.96$193.96$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,212.76$2,512.31$2,647.85
Cash to close$72,940$33,000$33,000