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$250,813$250,813$323,910
Remaining term (yrs)29.629.630.0
Secondary amount$0$73,097$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.335%7.640%
1st payment$1,556.88$1,556.88$2,242.69
2nd payment$0.00$548.23$0.00
Taxes / mo$56.08$56.08$56.08
Insurance / mo$150.00$150.00$150.00
MI / mo$115.28$115.28$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.24$2,426.47$2,513.55
Cash to close$109,087$35,990$35,990