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$254,505$254,505$413,997
Remaining term (yrs)26.626.630.0
Secondary amount$0$159,492$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.520%7.560%
1st payment$1,701.82$1,701.82$2,843.87
2nd payment$0.00$1,063.28$0.00
Taxes / mo$109.08$109.08$109.08
Insurance / mo$166.67$166.67$166.67
MI / mo$121.25$121.25$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,098.82$3,162.11$3,202.42
Cash to close$205,492$46,000$46,000