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$252,056$252,056$288,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$35,944$0
Funding fee$0$0$0
Note rate6.190%6.190%7.320%
Blended rate6.740%7.022%7.560%
1st payment$1,555.85$1,555.85$1,978.36
2nd payment$0.00$269.58$0.00
Taxes / mo$46.50$46.50$46.50
Insurance / mo$150.00$150.00$150.00
MI / mo$116.55$116.55$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,868.91$2,138.48$2,232.46
Cash to close$67,944$32,000$32,000