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$261,117$261,117$278,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$32,433$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.992%7.640%
1st payment$1,789.20$1,789.20$1,925.51
2nd payment$0.00$320.96$0.00
Taxes / mo$66.17$66.17$66.17
Insurance / mo$150.00$150.00$150.00
MI / mo$123.76$123.76$55.62
HOA / mo$150.00$150.00$150.00
Total monthly$2,279.12$2,600.08$2,347.29
Cash to close$47,883$15,450$30,900