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$250,840$250,840$263,610
Remaining term (yrs)29.329.330.0
Secondary amount$0$27,415$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.640%7.156%7.560%
1st payment$1,527.54$1,527.54$1,810.82
2nd payment$0.00$271.30$0.00
Taxes / mo$154.00$154.00$154.00
Insurance / mo$150.00$150.00$150.00
MI / mo$115.66$115.66$52.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,947.19$2,218.49$2,167.54
Cash to close$42,060$14,645$29,290