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$261,064$261,064$359,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$98,036$0
Funding fee$0$0$0
Note rate6.880%6.880%7.320%
Blended rate7.430%7.859%7.560%
1st payment$1,758.85$1,758.85$2,466.77
2nd payment$0.00$735.27$0.00
Taxes / mo$85.08$85.08$85.08
Insurance / mo$150.00$150.00$150.00
MI / mo$122.65$122.65$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,116.58$2,851.86$2,773.67
Cash to close$137,936$39,900$39,900