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$269,485$269,485$301,410
Remaining term (yrs)26.226.230.0
Secondary amount$0$31,925$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%8.043%7.560%
1st payment$1,883.48$1,883.48$2,070.48
2nd payment$0.00$239.44$0.00
Taxes / mo$241.08$241.08$241.08
Insurance / mo$150.00$150.00$150.00
MI / mo$198.92$198.92$60.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,473.49$2,712.93$2,521.84
Cash to close$65,415$33,490$33,490