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$265,042$265,042$373,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$108,458$0
Funding fee$0$0$0
Note rate7.020%7.020%7.320%
Blended rate7.570%7.695%7.560%
1st payment$1,808.22$1,808.22$2,565.69
2nd payment$0.00$723.06$0.00
Taxes / mo$142.33$142.33$142.33
Insurance / mo$150.00$150.00$150.00
MI / mo$124.32$124.32$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,224.87$2,947.93$2,932.72
Cash to close$149,958$41,500$41,500