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$263,357$263,357$287,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$39,693$0
Funding fee$0$0$0
Note rate5.600%5.600%7.320%
Blended rate6.150%6.900%7.560%
1st payment$1,576.08$1,576.08$1,972.18
2nd payment$0.00$392.79$0.00
Taxes / mo$273.50$273.50$273.50
Insurance / mo$150.00$150.00$150.00
MI / mo$125.83$125.83$57.42
HOA / mo$180.00$180.00$180.00
Total monthly$2,305.41$2,698.21$2,633.10
Cash to close$55,643$15,950$31,900