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$253,801$253,801$299,250
Remaining term (yrs)26.226.230.0
Secondary amount$0$45,449$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate7.180%7.456%7.640%
1st payment$1,652.14$1,652.14$2,071.95
2nd payment$0.00$340.87$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$188.47$188.47$59.85
HOA / mo$0.00$0.00$0.00
Total monthly$2,113.45$2,454.32$2,404.63
Cash to close$78,699$33,250$33,250