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$263,357$263,357$315,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$51,643$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.370%7.640%
1st payment$1,736.45$1,736.45$2,181.00
2nd payment$0.00$387.32$0.00
Taxes / mo$85.50$85.50$85.50
Insurance / mo$150.00$150.00$150.00
MI / mo$125.92$125.92$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,097.86$2,485.18$2,479.50
Cash to close$86,643$35,000$35,000