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$259,390$259,390$269,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$25,515$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.701%7.560%
1st payment$1,698.82$1,698.82$1,854.09
2nd payment$0.00$252.49$0.00
Taxes / mo$20.00$20.00$20.00
Insurance / mo$150.00$150.00$150.00
MI / mo$120.17$120.17$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,988.99$2,241.48$2,078.08
Cash to close$40,510$14,995$29,990