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$268,420$268,420$292,950
Remaining term (yrs)28.428.430.0
Secondary amount$0$40,805$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%8.077%7.640%
1st payment$1,805.07$1,805.07$2,028.33
2nd payment$0.00$403.80$0.00
Taxes / mo$169.08$169.08$169.08
Insurance / mo$150.00$150.00$150.00
MI / mo$124.98$124.98$58.59
HOA / mo$0.00$0.00$0.00
Total monthly$2,249.13$2,652.93$2,406.00
Cash to close$57,080$16,275$32,550