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$241,201$241,201$292,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$51,209$0
Funding fee$0$0$0
Note rate7.070%7.070%7.400%
Blended rate7.620%7.862%7.640%
1st payment$1,668.33$1,668.33$2,024.59
2nd payment$0.00$384.07$0.00
Taxes / mo$270.75$270.75$270.75
Insurance / mo$150.00$150.00$150.00
MI / mo$114.13$114.13$58.48
HOA / mo$36.00$36.00$36.00
Total monthly$2,239.20$2,623.27$2,539.82
Cash to close$83,699$32,490$32,490