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$254,956$254,956$354,600
Remaining term (yrs)28.328.330.0
Secondary amount$0$99,644$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.460%7.893%7.640%
1st payment$1,709.40$1,709.40$2,455.18
2nd payment$0.00$747.33$0.00
Taxes / mo$227.08$227.08$227.08
Insurance / mo$150.00$150.00$150.00
MI / mo$118.84$118.84$70.92
HOA / mo$0.00$0.00$0.00
Total monthly$2,205.32$2,952.65$2,903.18
Cash to close$139,044$39,400$39,400