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$262,481$262,481$283,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$36,769$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%8.099%7.640%
1st payment$1,790.75$1,790.75$1,962.90
2nd payment$0.00$363.86$0.00
Taxes / mo$312.75$312.75$312.75
Insurance / mo$150.00$150.00$150.00
MI / mo$123.12$123.12$56.70
HOA / mo$30.00$30.00$30.00
Total monthly$2,406.61$2,770.48$2,512.35
Cash to close$52,519$15,750$31,500