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$257,592$257,592$328,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$70,908$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.785%7.640%
1st payment$1,742.33$1,742.33$2,274.47
2nd payment$0.00$531.81$0.00
Taxes / mo$226.33$226.33$226.33
Insurance / mo$150.00$150.00$150.00
MI / mo$121.25$121.25$65.70
HOA / mo$35.00$35.00$35.00
Total monthly$2,274.91$2,806.72$2,751.50
Cash to close$107,408$36,500$36,500