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$257,150$257,150$310,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$53,350$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.261%7.560%
1st payment$1,665.12$1,665.12$2,132.92
2nd payment$0.00$400.13$0.00
Taxes / mo$96.08$96.08$96.08
Insurance / mo$150.00$150.00$150.00
MI / mo$122.65$122.65$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,033.85$2,433.98$2,441.10
Cash to close$87,850$34,500$34,500