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$257,013$257,013$282,600
Remaining term (yrs)25.725.730.0
Secondary amount$0$25,587$0
Funding fee$0$0$0
Note rate4.730%4.730%7.400%
Blended rate5.580%5.890%7.640%
1st payment$1,437.73$1,437.73$1,956.67
2nd payment$0.00$191.90$0.00
Taxes / mo$79.17$79.17$79.17
Insurance / mo$150.00$150.00$150.00
MI / mo$195.68$195.68$56.52
HOA / mo$0.00$0.00$0.00
Total monthly$1,862.57$2,054.47$2,242.35
Cash to close$56,987$31,400$31,400