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$254,961$254,961$355,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$100,539$0
Funding fee$0$0$0
Note rate6.460%6.460%7.320%
Blended rate7.010%7.290%7.560%
1st payment$1,610.74$1,610.74$2,442.04
2nd payment$0.00$670.26$0.00
Taxes / mo$127.25$127.25$127.25
Insurance / mo$150.00$150.00$150.00
MI / mo$117.29$117.29$71.10
HOA / mo$20.17$20.17$20.17
Total monthly$2,025.45$2,695.71$2,810.56
Cash to close$140,039$39,500$39,500