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$254,843$254,843$333,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$78,157$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.860%7.640%
1st payment$1,746.21$1,746.21$2,305.62
2nd payment$0.00$586.17$0.00
Taxes / mo$199.75$199.75$199.75
Insurance / mo$150.00$150.00$150.00
MI / mo$120.79$120.79$66.60
HOA / mo$10.83$10.83$10.83
Total monthly$2,227.58$2,813.75$2,732.80
Cash to close$115,157$37,000$37,000