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$265,740$265,740$278,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$27,810$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.502%7.640%
1st payment$1,540.09$1,540.09$1,925.51
2nd payment$0.00$275.20$0.00
Taxes / mo$284.92$284.92$284.92
Insurance / mo$150.00$150.00$150.00
MI / mo$201.15$201.15$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,176.16$2,451.36$2,416.04
Cash to close$43,260$15,450$30,900