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$265,917$265,917$305,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$39,183$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.370%7.640%
1st payment$1,712.02$1,712.02$2,112.45
2nd payment$0.00$293.87$0.00
Taxes / mo$116.50$116.50$116.50
Insurance / mo$150.00$150.00$150.00
MI / mo$123.12$123.12$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,101.64$2,395.51$2,439.97
Cash to close$73,083$33,900$33,900