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$257,415$257,415$292,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$35,085$0
Funding fee$0$0$0
Note rate7.310%7.310%7.320%
Blended rate7.860%7.997%7.560%
1st payment$1,819.31$1,819.31$2,009.27
2nd payment$0.00$263.14$0.00
Taxes / mo$320.25$320.25$320.25
Insurance / mo$150.00$150.00$150.00
MI / mo$121.51$121.51$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,411.07$2,674.21$2,538.02
Cash to close$67,585$32,500$32,500