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$264,146$264,146$323,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$58,954$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.349%7.640%
1st payment$1,723.82$1,723.82$2,237.08
2nd payment$0.00$442.15$0.00
Taxes / mo$358.58$358.58$358.58
Insurance / mo$150.00$150.00$150.00
MI / mo$125.92$125.92$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,358.32$2,800.47$2,810.28
Cash to close$94,854$35,900$35,900