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$264,928$264,928$292,410
Remaining term (yrs)28.528.530.0
Secondary amount$0$27,482$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.360%7.640%
1st payment$1,724.30$1,724.30$2,024.59
2nd payment$0.00$206.11$0.00
Taxes / mo$93.67$93.67$93.67
Insurance / mo$150.00$150.00$150.00
MI / mo$123.23$123.23$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,091.20$2,297.31$2,326.74
Cash to close$59,972$32,490$32,490