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$261,140$261,140$278,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$32,410$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.912%7.640%
1st payment$1,740.69$1,740.69$1,925.51
2nd payment$0.00$320.72$0.00
Taxes / mo$81.50$81.50$81.50
Insurance / mo$150.00$150.00$150.00
MI / mo$121.51$121.51$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,093.70$2,414.42$2,212.63
Cash to close$47,860$15,450$30,900