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$257,517$257,517$295,110
Remaining term (yrs)29.029.030.0
Secondary amount$0$37,593$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.159%7.560%
1st payment$1,616.11$1,616.11$2,027.20
2nd payment$0.00$281.95$0.00
Taxes / mo$266.17$266.17$266.17
Insurance / mo$150.00$150.00$150.00
MI / mo$119.17$119.17$59.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,151.45$2,433.39$2,502.39
Cash to close$70,383$32,790$32,790