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$259,011$259,011$292,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$33,489$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.070%7.560%
1st payment$1,666.07$1,666.07$2,009.27
2nd payment$0.00$251.17$0.00
Taxes / mo$122.92$122.92$122.92
Insurance / mo$150.00$150.00$150.00
MI / mo$123.76$123.76$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,062.74$2,313.91$2,340.69
Cash to close$65,989$32,500$32,500