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$258,718$258,718$296,190
Remaining term (yrs)29.629.630.0
Secondary amount$0$37,472$0
Funding fee$0$0$0
Note rate5.980%5.980%7.320%
Blended rate6.530%6.842%7.560%
1st payment$1,552.50$1,552.50$2,034.62
2nd payment$0.00$281.04$0.00
Taxes / mo$274.25$274.25$274.25
Insurance / mo$150.00$150.00$150.00
MI / mo$118.94$118.94$59.24
HOA / mo$0.00$0.00$0.00
Total monthly$2,095.69$2,376.72$2,518.11
Cash to close$70,382$32,910$32,910