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$251,154$251,154$350,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$99,756$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.769%7.640%
1st payment$1,690.98$1,690.98$2,429.63
2nd payment$0.00$748.17$0.00
Taxes / mo$324.92$324.92$324.92
Insurance / mo$150.00$150.00$150.00
MI / mo$119.74$119.74$70.18
HOA / mo$206.00$206.00$206.00
Total monthly$2,491.63$3,239.81$3,180.73
Cash to close$138,746$38,990$38,990