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$247,292$247,292$287,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$40,618$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.505%7.640%
1st payment$1,656.26$1,656.26$1,993.43
2nd payment$0.00$304.63$0.00
Taxes / mo$345.58$345.58$345.58
Insurance / mo$150.00$150.00$150.00
MI / mo$117.52$117.52$57.58
HOA / mo$275.00$275.00$275.00
Total monthly$2,544.36$2,849.00$2,821.60
Cash to close$72,608$31,990$31,990