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$257,471$257,471$346,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$89,029$0
Funding fee$0$0$0
Note rate6.310%6.310%7.320%
Blended rate7.160%7.633%7.560%
1st payment$1,670.74$1,670.74$2,380.21
2nd payment$0.00$667.72$0.00
Taxes / mo$573.92$573.92$573.92
Insurance / mo$150.00$150.00$150.00
MI / mo$190.99$190.99$69.30
HOA / mo$96.67$96.67$96.67
Total monthly$2,682.32$3,350.04$3,270.10
Cash to close$127,529$38,500$38,500