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$245,558$245,558$315,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$69,442$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.425%7.640%
1st payment$1,602.51$1,602.51$2,181.00
2nd payment$0.00$520.82$0.00
Taxes / mo$138.83$138.83$138.83
Insurance / mo$150.00$150.00$150.00
MI / mo$117.05$117.05$63.00
HOA / mo$374.00$374.00$374.00
Total monthly$2,382.39$2,903.21$2,906.82
Cash to close$104,442$35,000$35,000