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$261,725$261,725$315,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$53,275$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.579%7.560%
1st payment$1,714.11$1,714.11$2,163.83
2nd payment$0.00$399.56$0.00
Taxes / mo$94.58$94.58$94.58
Insurance / mo$150.00$150.00$150.00
MI / mo$121.25$121.25$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,079.94$2,479.50$2,471.41
Cash to close$88,275$35,000$35,000