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$242,675$242,675$314,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$71,425$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%6.991%7.560%
1st payment$1,466.82$1,466.82$2,157.65
2nd payment$0.00$535.69$0.00
Taxes / mo$290.83$290.83$290.83
Insurance / mo$150.00$150.00$150.00
MI / mo$181.98$181.98$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.64$2,625.33$2,661.30
Cash to close$106,325$34,900$34,900