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$255,676$255,676$294,300
Remaining term (yrs)28.528.530.0
Secondary amount$0$38,624$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.454%7.640%
1st payment$1,669.09$1,669.09$2,037.67
2nd payment$0.00$289.68$0.00
Taxes / mo$115.25$115.25$115.25
Insurance / mo$150.00$150.00$150.00
MI / mo$118.92$118.92$58.86
HOA / mo$33.33$33.33$33.33
Total monthly$2,086.59$2,376.27$2,395.11
Cash to close$71,324$32,700$32,700