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$255,163$255,163$274,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$34,587$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%8.454%7.640%
1st payment$1,821.94$1,821.94$1,900.58
2nd payment$0.00$342.26$0.00
Taxes / mo$145.17$145.17$145.17
Insurance / mo$150.00$150.00$150.00
MI / mo$120.13$120.13$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,237.24$2,579.50$2,250.65
Cash to close$49,837$15,250$30,500