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$250,658$250,658$292,491
Remaining term (yrs)28.928.930.0
Secondary amount$0$41,833$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.192%7.560%
1st payment$1,574.63$1,574.63$2,009.21
2nd payment$0.00$313.75$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$116.11$116.11$58.50
HOA / mo$33.33$33.33$33.33
Total monthly$2,144.89$2,458.64$2,521.86
Cash to close$74,332$32,499$32,499