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$257,117$257,117$292,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$35,383$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.286%7.560%
1st payment$1,656.70$1,656.70$2,009.27
2nd payment$0.00$265.37$0.00
Taxes / mo$136.50$136.50$136.50
Insurance / mo$150.00$150.00$150.00
MI / mo$120.13$120.13$58.50
HOA / mo$53.33$53.33$53.33
Total monthly$2,116.66$2,382.04$2,407.60
Cash to close$67,883$32,500$32,500