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$259,242$259,242$287,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$27,858$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.140%7.560%
1st payment$1,687.22$1,687.22$1,972.18
2nd payment$0.00$208.94$0.00
Taxes / mo$175.67$175.67$175.67
Insurance / mo$150.00$150.00$150.00
MI / mo$123.76$123.76$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,136.64$2,345.58$2,355.26
Cash to close$59,758$31,900$31,900