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$262,700$262,700$283,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$36,550$0
Funding fee$0$0$0
Note rate7.500%7.500%7.400%
Blended rate8.050%8.517%7.640%
1st payment$1,888.01$1,888.01$1,962.90
2nd payment$0.00$361.69$0.00
Taxes / mo$68.75$68.75$68.75
Insurance / mo$150.00$150.00$150.00
MI / mo$123.76$123.76$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,230.52$2,592.21$2,238.35
Cash to close$52,300$15,750$31,500