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$254,233$254,233$306,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$51,767$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.770%7.978%7.560%
1st payment$1,752.52$1,752.52$2,102.01
2nd payment$0.00$388.25$0.00
Taxes / mo$456.42$456.42$456.42
Insurance / mo$150.00$150.00$150.00
MI / mo$188.10$188.10$61.20
HOA / mo$13.75$13.75$13.75
Total monthly$2,560.79$2,949.04$2,783.37
Cash to close$85,767$34,000$34,000