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$250,686$250,686$265,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$29,564$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.818%7.640%
1st payment$1,662.60$1,662.60$1,838.27
2nd payment$0.00$292.56$0.00
Taxes / mo$169.17$169.17$169.17
Insurance / mo$150.00$150.00$150.00
MI / mo$117.01$117.01$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,098.77$2,391.34$2,210.54
Cash to close$44,314$14,750$29,500